Labor economics

How did economic growth affect society in the gilded age? Americas economy did grow at am extraordinary rate, generating unprecedented levels of wealth. American celebrated the new wealth, others lamented it; all could agree that profound changes were taking place in the country. One company control the supply this was the era of the political machine. Urban politics were dominated by powerful organization that exchange jobs and contracts for…

about the global economic developments that occurred throughout the world’s history. Today the world is so much different in terms of the economy compared to most of human history. “We live in an era when continual economic growth is almost considered a birthright, at least in the developed world. It has become the benchmark of the health of a society, guaranteeing an ever-expanding prosperity.” Also economic growth is a goal for most of today’s politicians so obviously economic growth is…

creative destruction and globalization have transformed the labor force. Creative destruction, the replacement of jobs with newer ones as advancements in technology render the older ones obsolete, has combined with globalization to form an explosive molotov cocktail for the working class. Menial, but reliable jobs, particularly those found in the manufacturing sector, have been supplanted by both artificial intelligence and cheap foreign labor. These jobs were a safety net for decades for many…

After the War of 1812, shifts in technology and economic growth ushered in transformational changes into the American society. Since major populations and trade centers were landlocked, it made bulk shipments difficult to mobilize on a national scale. Such challenges served as a catalyst for change in efforts to achieve greater economic outcomes. Needs for improvements become increasingly linked to transportation, infrastructure, and communication. By the nineteenth century, the…

impacted by the war are scrambling to find sanctuary. Majority of Syrian civilians lost their livelihoods and economic opportunities, due to the devastation of war and the resulting destruction. This…

gained notoriety recently is The Trans-Pacific Partnership (TPP), a free-trade agreement over 10 years in the making among 11 nations across the globe. The TPP has the potential to further economic integration among the Western Hemisphere and the Asian-Pacific region, resulting in a major increase in economic gains across the globe (Kotschwar,…

structural theories of poverty attribute poverty to social conditions. When looking at Michael and Judy’s life in poverty structural theory of poverty best explains how social forces led to poverty. Social forces are in reference to the political and economic characteristics of society that influence poverty outside the control of…

Frances B. Menjor Macroeconomics October 11, 2017 The Night and Day Economic Comparisons of Sierra Leone and France. In the world that we live in today there are various countries with different cultures, government policies and economic outcomes. In 2016 I traveled to West Africa and France and immediately notice a drastic difference in the development of the two countries. Upon arrival into France a person will notice its many amenities and attractions. Frances is a rich…

It is estimated that 4% of Australians earn on or above $180,000 and the super-rich elite account for 0.027% of Australia’s population (Hodgson, 2014; Radio National, 2014) The two-party-system in Australia such as the Australian Labor Party on the centre left wing and the Coalition between the Liberal Party and the National Party on the right wing are influenced by capitalists therefore neoliberal in their approaches to policy creation and implementation. The ALP were traditionally…

The physiocrats were a group of French economists whose ideas were developed in the wake of the economic and social disorder that was, at least partially, due to the effects of mercantilist policies (Huh, 2016). Physiocratic thinkers such as John Law, Richard Cantillion, and perhaps most notably, Francois Quesnay made lasting impressions on economic thought and were instrumental in establishing the idea of the free market. Unlike the mercantilists, the physiocrats largely believed that the…