Structural unemployment

In the past sixty five years, the number of steelworkers has decreased tremendously. There used to be 500,000 steel workers in the United states in the 1950s, there is now 100,000. Globalization played some role in eliminating these jobs, especially since 2000. Globalization is the process by which businesses or other organizations develop international influence. The first robot was created by George Devol. He was nine years old when the word robot first appeared in 1921. Unimation created…

DEMOGRAPHICS: Population: Angola’s actual population as per the census of 2014 is 24.3 million. It constitutes .28 percent of the world population and roughly means that one person out of 355 people on planet is from Angola. The population in 2016 is expected to rise by another 3.5 million and reach 27.8 million. Angola has fertility rate of 5.54 children born per woman which is one of the highest in the world. With this growth rate population of Angola is expected to triple in less than 50…

be a battle ground were covered by mines that is the main problem to grow crops. The inflation rates increased dramatically and unemployment reached about 20 percent. Indeed, in the south alone, the war produced 20,000 bomb craters, 10 million refugees, 362,000 invalids, 1 million widows, 880,000 orphans, 250,000 drug addicts, 300,000 prostitutes and 3 million unemployment. Vietnam was one of the poorest nations in the world. The country’s poverty was all the more shocking and embarrassing to…

The Great Depression was a disaster brought upon the U.S.A by multiple sources. There were multiple supporting causes that lead up to the crash of the stock market. The Great Depression was the largest low point that U.S economy and the worlds economy have ever seen. This time in history had the highest number of unemployed ever seen in the United States. Ben Bernanke said in 2002 that the Great Depression was the “worst economic disaster in American history”. The Depression wasn’t just…

hear that the minimum wage increases they go and find jobs so that they can put more money in the pocket rather then before when they had to scrape by to live. According to CEPR, “ when the minimum wage was increased in the beginning of 2014 the unemployment rate decreased by 2.75%”(CEPR). These statistics accurately show that with a higher minimum wage people can not only live better but, the economy will increase and the work force will increase. In conclusion, the United States should be…

Through history, the United States went through a series of events that were fluctuating between good and bad. The United States shifted from the expanding welfare state in 1960s to neoliberalism in the 1970s and 1980s through neoliberal policies. This shift was purely bad because it affected the nation negatively. Neoliberalism is an economic and social theory that free markets and free trade is the best way to structure society. This means reducing society to no regulations and privatization…

itself. Would this self driven car replace the millions of truck drivers who make middle-class wages off of driving trucks? Will this force people to live off of welfare and other government assistance? Technology has and will continue to impact unemployment in the many years to come. So what really is the overall impact of technology on the economy? One impact to the economy is, the substantial job loses to machines and computers that can accomplish the job faster and more efficient. Millions…

Graif et al. (2014) discusses that neighborhood poverty and connected social and economic conditions are linked to multiple indications of criminal exposure and offending (p. 1140-1141). In Irvington, where Ms. Jacobus lives, across the street from her apartment complex is section eight housing where many families are living in poverty. “One side is working class and then the other side is section eight; I work hard so I can stay in my apartment” (Lori Jacobus, personal communities, September 4,…

In the article I read it talked about how the House of Representatives just passed a bill that would cut the food stamp budget by 40 billion over the next five years. SNAP is the actually problem most people call it food stamps, so for this paper I will refer to it as food stamps as not to confuse anyone. This bill would also improve the requirements that people need to meet to gain food stamps by elimination so called “loop holes” in the system. Ever since the depression and The New Deal social…

increase of the unemployment rate and so on. But the question is, how are these events similar and different? The Great Depression started because of a huge crash in the stock market within our society. From 1929-1933 the unemployment rate rose drastically from 3.2% to 25%. Reason being is because the country couldn’t keep up with the production of the full employment of the labor force. The output expected wasn’t reached due to the U.S.…