Education economics

Benedikt Frey and Michael A. Osborne, The authors’ purpose is to take on the task of explaining the effect of Automation on the labor market in the past and what it means for the future. Autor uses strong logical arguments (logos), and his expertise in economics (ethos) to assert that there will always be a demand for jobs in the face of automation, but his essay doesn’t guarantee the quality of those jobs or that our society will be readily qualified for the good skillful jobs that will be…

An effective remedy for this is free education for them. But even this is not working in SA since these people have the option to drop out of school after grade 9 and the standards in these free schools is extremely disgusting. A South African girl died at age 5 after falling into a pit toilet at a government school. This emphasizes the poor conditions in government schools. Economic factor: Fraud and corruption in South Africa. An example of this was when 10…

elected president in 2000, a major element of his platform was a cut in income taxes. Bush and his advisers used both supply-side and Keynesian rhetoric to make the case for their policy. (Full disclosure: The author of this textbook was one of Bush’s economic advisers from 2003 to 2005.) During the campaign, when the economy was doing fine, they argued that lower marginal tax rates would improve work incentives. But when the economy started to slow, and unemployment started to rise, the…

In the world of poverty, those who are of a lower socioeconomic status or class are more likely to be labeled as the offenders of a crime, compared to the middle and high class citizens. It is a clear motive that economic deprivation or poverty can motivate individuals to commit crime or create the circumstances that serve as a breeding ground for crime. The topic of poverty being correlated with crime can be supported by the modern day criminological theories that have been created over the…

My initial impression was that of my friends when I told them about the game later that day, what an interesting setup. The conventional monopoly represents capitalism in its most basic sense. There are the fundamental components of society, people, money, and property, and the goal of the game is to be the winner (the one who finishes with the most wealth). A notable change to this model, the elasticity of starting funds and returns as the game progressed, produced the game we played. It made…

Since the Gilded Age was a time of opulence for many Americans, economic depressions brought hard times to many businesses and made unpredictable employment a reality for the working class. If we were to research the term "Gilded”, it refers to a thin layer of gold hiding poor metal. Being that, prosperity is the demand of gold and, the abuses in poverty the metal. By this era, by social Darwinism where the affluent believed that they were by nature superior, and the poor were naturally just…

on child mortality; enhance the nutrition, health, living conditions, upgrades the performance of children in school and also helps the world have better economic…

understand the extent of it. I thought that our wealth was much more equally displayed among all Americans. It shocked me to see how skewed it is in reality, and even more how little we really know as Americans about how our economics really work. I don’t think that our economic system is great. I think it works, but needs improvement, because it is not okay for the top 1% of the nation to have 20% of the nation 's income. Coming to Hope I didn’t expect there to be such of a culture shock, I…

point was to decide whether or not they should create a better path to legal status for the 11 million unauthorized immigrants. The act of legalization is a humanitarian act, but also it is a form of economic stimulus ("An Immigration Stimulus: The Economic Benefits of a Legalization Program"). Economic stimulus is the use of a fiscal policy to help a struggling…

was treated with caution as figures may have been represented differently depending on the scenario of the country, making some results potentially un-reliable. Economic Development Strong economic development allows for efficient responses as shown in Figure 1. Well run governments and investment in pre hazard responses e.g education for the country’s population are positive actions for coping with…