When compared to the possibility of America suddenly becoming insolvent, the other are certainly important, but it does not compare to the problem of being financially ruined. Thus, becoming financially ruined is what will occur if there are not enough good jobs available for people (Clifton, 2011). America’s gross domestic product (GDP) – the sum of the annual total goods and services, is at a halt. One significant rationale is since 2008, underemployment have dramatically increased (Clifton, 2011). Moreover, according to the U.S. Department of Labor, unemployment (at that time) was approximately ten percent. The Gallup World Poll not only examined the unemployment percentage, but the underemployment percentage as well; thus, the underemployment
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Consequently, thirty million people are either unemployed or underemployed. This means that according to the definition of a good job, thirty million people are lacking good jobs (Clifton, 2011). In addition, it appears that thirty million people are fighting a war – a war for jobs. Thus, if thirty million people have no good jobs, there is no hope for “paying a mortgage, feeding the kids, or buying gas to fuel the care to get to an interview” (Clifton, 2011, p. 20). Accordingly, if there are no jobs, then the war is on, and having no job is the most intense indicator for hopelessness (Clifton, 2011). Conversely, while the GDP is declining in America, the gross national wellbeing (GNW) is moving toward hopelessness instead of hopefulness (Clifton, …show more content…
Amazingly, America is definitely the world’s leader in the highest GDP by a great amount (Clifton, 2011). However, according to the Gallup World Poll, “fifty-two percent of Americans are more likely to name China than the U.S. as the leading economic power in the world today” (Clifton, 2011, p. 24). Nevertheless, China is closing the gap on the United States. There is approximately a nine trillion dollar gap, with the U.S. at fifteen trillion and China with six trillion (Clifton, 2011). Although the United States has a large gap now, the GDP is the country’s indicator as to who is lending. Thus, jobs, taxes, and spending are all factors of what direction the country is headed (Clifton, 2011). Another indicator of the gap closing between the U.S. and China GDP growth – the annual growth is approximately two percent for the U.S. and ten percent growth for China. In order to stay ahead, the U.S. will have to start increasing its GDP percentage, which will take nothing less than a miracle (Clifton, 2011). Consequently, if China becomes the country with the highest GDP, global leaders will look at China for support and guidance, the U.S. will have less money for military purposes, and the U.S. would not be able to maintain or regain their economic advantages (Clifton,
Consequently, thirty million people are either unemployed or underemployed. This means that according to the definition of a good job, thirty million people are lacking good jobs (Clifton, 2011). In addition, it appears that thirty million people are fighting a war – a war for jobs. Thus, if thirty million people have no good jobs, there is no hope for “paying a mortgage, feeding the kids, or buying gas to fuel the care to get to an interview” (Clifton, 2011, p. 20). Accordingly, if there are no jobs, then the war is on, and having no job is the most intense indicator for hopelessness (Clifton, 2011). Conversely, while the GDP is declining in America, the gross national wellbeing (GNW) is moving toward hopelessness instead of hopefulness (Clifton, …show more content…
Amazingly, America is definitely the world’s leader in the highest GDP by a great amount (Clifton, 2011). However, according to the Gallup World Poll, “fifty-two percent of Americans are more likely to name China than the U.S. as the leading economic power in the world today” (Clifton, 2011, p. 24). Nevertheless, China is closing the gap on the United States. There is approximately a nine trillion dollar gap, with the U.S. at fifteen trillion and China with six trillion (Clifton, 2011). Although the United States has a large gap now, the GDP is the country’s indicator as to who is lending. Thus, jobs, taxes, and spending are all factors of what direction the country is headed (Clifton, 2011). Another indicator of the gap closing between the U.S. and China GDP growth – the annual growth is approximately two percent for the U.S. and ten percent growth for China. In order to stay ahead, the U.S. will have to start increasing its GDP percentage, which will take nothing less than a miracle (Clifton, 2011). Consequently, if China becomes the country with the highest GDP, global leaders will look at China for support and guidance, the U.S. will have less money for military purposes, and the U.S. would not be able to maintain or regain their economic advantages (Clifton,