The Industry
There is a way to counterbalance this problem that involves reducing some restrictions on the industry. In today’s society, more industries are starting to be created, which leads to the creation of more jobs. Some industries that are always prosperous include the amusement industry, recreation industry, oil and gas extraction industry, solar industry, automotive industry. These industries are responsible for the creation of over hundreds of thousands of jobs in the US and also increased the economy. However, not all industries are lucrative, some even have a shrinkage in profit and job creation. Nonetheless, this is still America and the demand for things are extremely high. So Industries that experienced profit droughts or …show more content…
Which means that at one point the industry was profitable, but due to circumstances the nuclear industry had a recession, now however, the industry is becoming more remunerative. The article “Job creation due to the nuclear power resurgence in the United States” states that the nuclear industry underwent a “drastic contraction” in the late 1980s and early 1990s. Due to the high demand of generating electricity through nuclear power, the nuclear industry has been revived. The nuclear industry is expecting a fruitful increase in jobs created over the next ten years, “… would create an additional 250,000 Indirect Jobs. The impact of these Indirect Jobs would ripple through the US economy and create an additional 242,000 jobs for a total of nearly 610,000 new jobs added over the 15-year time …show more content…
Currently the federal minimum wage is $7.25. Which is not enough for someone to provide for a family. There has been debates on whether to increase minimum wage to $15 or to let it improve over time. In the article “The Two Moralities of the Minimum Wage” by Dwight R. Lee, discusses that most of the supporters of minimum wage see it is a moral issue. Lee then talks about the two moralities he calls them the “magnanimous morality” and the “mundane morality”. The magnanimous morality “helping others intentionally and doing so at some personal cost with the help going to identifiable individuals or small groups”. The mundane morality “obeying general rules that promote the common welfare when widely adhered to.” The article discusses how the government affects the minimum wage in a positive and effective way, and how the policy is seen as magnanimous morality.
The authors of “The Two Moralities of the Minimum Wage” view of labor unions “labor unions support a higher minimum wage by claiming to be concerned with the welfare of all workers, but in reality they see a minimum wage as an effective way of making it illegal for low skilled workers to compete against union members by accepting lower wages”. Most people would never think about labor unions like this. To most citizens the labor union is an organization that represents the collective interest of workers. However, that is just one opinion. Labor union actually helps
There is a way to counterbalance this problem that involves reducing some restrictions on the industry. In today’s society, more industries are starting to be created, which leads to the creation of more jobs. Some industries that are always prosperous include the amusement industry, recreation industry, oil and gas extraction industry, solar industry, automotive industry. These industries are responsible for the creation of over hundreds of thousands of jobs in the US and also increased the economy. However, not all industries are lucrative, some even have a shrinkage in profit and job creation. Nonetheless, this is still America and the demand for things are extremely high. So Industries that experienced profit droughts or …show more content…
Which means that at one point the industry was profitable, but due to circumstances the nuclear industry had a recession, now however, the industry is becoming more remunerative. The article “Job creation due to the nuclear power resurgence in the United States” states that the nuclear industry underwent a “drastic contraction” in the late 1980s and early 1990s. Due to the high demand of generating electricity through nuclear power, the nuclear industry has been revived. The nuclear industry is expecting a fruitful increase in jobs created over the next ten years, “… would create an additional 250,000 Indirect Jobs. The impact of these Indirect Jobs would ripple through the US economy and create an additional 242,000 jobs for a total of nearly 610,000 new jobs added over the 15-year time …show more content…
Currently the federal minimum wage is $7.25. Which is not enough for someone to provide for a family. There has been debates on whether to increase minimum wage to $15 or to let it improve over time. In the article “The Two Moralities of the Minimum Wage” by Dwight R. Lee, discusses that most of the supporters of minimum wage see it is a moral issue. Lee then talks about the two moralities he calls them the “magnanimous morality” and the “mundane morality”. The magnanimous morality “helping others intentionally and doing so at some personal cost with the help going to identifiable individuals or small groups”. The mundane morality “obeying general rules that promote the common welfare when widely adhered to.” The article discusses how the government affects the minimum wage in a positive and effective way, and how the policy is seen as magnanimous morality.
The authors of “The Two Moralities of the Minimum Wage” view of labor unions “labor unions support a higher minimum wage by claiming to be concerned with the welfare of all workers, but in reality they see a minimum wage as an effective way of making it illegal for low skilled workers to compete against union members by accepting lower wages”. Most people would never think about labor unions like this. To most citizens the labor union is an organization that represents the collective interest of workers. However, that is just one opinion. Labor union actually helps