...because of lack of employment. Some believe that the economy will eventually recover. This may be a slow process, however. Those in the business world believe this will most likely put inflation at a standstill. (TBQ, 2012). It is predicted that the GDP will continue to go up and down for years to come as the US tries to recover from the economic slump that it has found itself in unless congress and the president can pull us out. There are three different methods of determining GDP. The first one is estimating each industry’s gross output or production (Wells and Krugman, 2009). Second would be to measure income (Wells et al). Third would be expenditures, showing different types of spending throughout the economy (Wells et al). The Bureau of Economic Analysis (BEA) says that in third quarter 2011, the GDP was at 2.5%, meaning it was up from 0.8% in first two quarters of 2011 (Kiplinger, 2012). Components that make up the GDP are things like, investments such as business investments; consumer investments (spending) consumer consumption the...
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...Bernardo D. La Fontaine LP9 Assignment Can A Country Continue to Afford to Run Deficits Indefinitely? This paper will talk about a country and if it can afford to stay on a deficit indefinitely. So let us take a closer look that this situation and analyze it. I will start by reiterating what my assignment’s question by stating what it is asking. Let’s say that country “X”’s real growth is 2 percent per year, while its real deficit is rising 5 percent a year. Can country “X” stay on this path indefinitely? In my opinion, I would have to say “no” because it isn’t healthy for country to stay on a deficit. So when a surplus happens like it did in 1998 till 2002, the country will go spend happy. This is why I believe there should always be a balanced economy. There should never be too much expansion or contraction in a country’s economy. Here are the reasons why. An expansionary economy is one that helps a country’s economy through a recession by expanding the money supply. They do this by issuing out bonds and lowering interest rates. However, if this is done too much, then inflation happens. Why? You can say that there is too much money circulating. This makes a country’s currency weak. But if a country’s economy is in the opposite direction like in an economic contraction, they are trying to reduce inflation by contracting the money supply and raising interests. Again, if this is done in too much in this direction, the country will go in to a recession and possibly...
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...• Why is the manufacturing sector crucial? What is Manufacturing and how employment has in this sector changed over the last 50 years? What we are trying to show and why it is interesting. How do we plan to show it (Definition, Employment Trend( increase upto the 60’s and then the declining share in comparison to the service sector), How is Manufacturing important to the US Economy and why we think that the trend shift to the service sector is not necessarily a bad thing and why a lot of economists are insisting on the manufacturing sector being strengthened, An short explanation of re-distribution of jobs,). • The Demand for manufactured goods in USA has increased. Then, why has the employment in the manufacturing sector gone down? What is Trade-specialization. How does De-industrialization of developed economies take place? Explain it as a predictor of recession in US. • Why Manufacturing jobs are such a point of concern (Multiplier effect, and unskilled labor) Improvements in Technology-their effect on productivity and employment in the manufacturing sector. • How does outsourcing help/harm the manufacturing industry? Does it have a significant effect on employment in manufacturing? • Why hasn’t the economy bounced back from the current slump in manufacturing jobs. What can be done to provide relief to the former manufacturing employees? Stop of new hiring vs. loss of jobs. How are the unions affecting employment? (The last decade vs. World War II data). What the experts...
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...US economy affects world economy. The predicted recession may result in crashing stock markets, bankrupt businesses, and increased unemployment, poverty and mortality rates worldwide, due to hunger, depression, suicide and lack of resources. My choice would be the “fracking” proposal which can avert the recession & boost the economy. “Green Wind Turbine” would be unsuccessful during recession, since its expense is more than its revenue. And, without economic viability all other stakeholders’ interests are lost. Utilitarianism supports “fracking” as it produces “greatest good for the greatest number”. In the end it will create millions of jobs, help boost economy, meet Canadian and US oil needs and supports ‘energy security’. We cannot address all concerns from all stakeholders at all times. “fracking” serves the majority of Primary and Secondary stakeholders which have a higher priority in the stakeholder typology. The non-social stakeholders are dormant and are a minority. Utilitarianism being a consequential principle focuses on the ends, and ignore the means. The shortcoming of “fracking” is that on the way to boost economy via oil production, it’s also boosting environmental and ecological dangers. Emissions, pollution, wastes, chemicals, contamination are bi-products of oil extraction by “fracking”. This principle drives us to ignore the primary and secondary non-social stakeholders and may cause an irreversible damage, while focussing on producing utility for the majority...
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...Subsequently, the raw data is collected and maintain by government and private agencies as; National Bureau of Economic Research (NBER'S Macro-Historical Database), Bureau of Labor Statistics (BLS), Federal Reserve Economic Data (FRED), and Congressional Budget Office (CBO). In addition, the raw data is use for the purpose of measuring past relationships among variables such as historical data, employment, prices, productivity, population, government budget, and government spending. Thus, resulting in economist anticipating change in some variables; in which will either affect or not affect the future course of the U.S. economy short and long run performance. Primary Sources Therefore, the National Bureau of Economic Research (NBER'S Macro-Historical Database) was founded in 1920 over the years the NBER's research agenda has varied from a wide variety of issues that confront our economic society. Early research focused on the aggregate economy, examining in detail the business cycle and long-term economic growth. Whereby, its known as private, non-profit, non-partisan research organization's main aim is to promote greater understanding of how the economy works. It disseminates unbiased economic research among public policymakers, business professionals and the academic community. Today, some 1,300 academics are NBER researchers, and they focus on "four types of empirical research: developing new statistical measurements, estimating quantitative models of economic behavior...
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...Taylor University Abstract The purpose of this paper is to examine the gender gap and the potential factors that contribute to income inequality. Since the passing of the equal pay act, the median weekly earnings of women is still just seventy eight cents on each dollar that men earn (Center for American Progress, 2010). To put this in context, the pay gap in 1970 was sixty two cents and in 1992 it was seventy five cents (Institute for Women’s Research, 1993). Undervaluation of women’s work, occupational gender segregation, and discriminatory treatment in the workplace continue to hamper efforts to reduce the gender pay gap. A pay check is women’s and men’s most important source of income. Therefore, it is surprising, discriminatory and unfair to know that after both genders have worked satisfactorily on the same job; they do not receive the same pay. The gender pay gap is the best way to measure pay inequality between men and women. The authors discuss Gender Compensation Discrimination and examine the historical trends in pay difference, the various causes and the methods and paths considered for closing the Gender Compensation Gap. Key words: Gender Compensation Discrimination, Gender Compensation Gap, Equality, Rights and Privileges, Sex Segregation, Gender Pay Gap, Wage Gap, Discrimination, Equal Pay Act, Occupational Gender Segregation, Gender Differences, Gender-Based Salary Differences, Executive Compensation, Higher Education. Introduction Gender issues are not limited...
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...I choose to research the career path of Crime Scene Investigator. A CSI is usually a person who assists a police officer in investigations. CSIs are sometimes called Forensic Science Technicians. I decided to research this topic because I wanted to get a feel of the career path because it sparked my interest about year and I´ve been intriged ever since. It’s the career I’m thinking about going to school to do. Crime Scene Investigation is a career for me since it brings my interests in forensic science and police work. My desire is to develop in any skills necessary to be successful in this field of work; plus, it would provide a steady income in the distant future. Specialized CSIs will find a small clue that could lead them to a suspect. They use various types...
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...Wages: Is There Really a Gender Pay Gap Abstract The wages used in the following research paper were taken from a population of 100 workers and divided by 12 descriptive statistics. The purpose of this research is to determine if there really is a gender gap with wages. The following descriptive statistics were used: wage, industry, occupation, education, location (from the south or not from the south), non-white, Hispanic, female, ex-military, marital status, age and Union. This research paper will include the problem statement, research question, hypothesis, definitions, presentation of data, conclusion, implication, recommendations and reference page. This research paper is composed from peer reviewed journals and references are available on the last page of this research paper. Wages – Is there really a Gender Pay Gap Introduction Is the United States work force still facing the issue of gender pay gap? According to The American Association of University Women (AAUW) it’s real, it’s persistent, and it’s undermining the economic security of American families. This research paper will define that there is indeed a pay gap between men and women working full time in the United States. (Linda D. Hallman, CAE AAUW Executive Director, 2012) Problem Statement The American Association of University Women (AAUW) has been on the front lines of the fight for pay equity since 1913. AAUW members were in the Oval Office when President...
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...care system faces many costly problems for the uninsured/underinsured, employment-based insurance coverage, and financially burdened health service providers. Although policy makers have made many attempts to raise the number of insured, through programs such as Medicare, Medicaid, the number of uninsured Americans continues to rise. Currently 45 million American have no health insurance and children make up approximately 10 million of that number reported by the U.S. Census Bureau (8-10). The politicians and largely the medical societies, appear to be unable to decide what society’s responsibility in health care should be to those who are unable to purchase basic coverage. Surveys conducted by institutions like the Robert Wood Johnson Foundation, and the Henry J. Kaiser Family Foundation have noted that the proportion of people named the uninsured as the single most important domestic issue. Additionally, the Woods and Kaiser Foundation study concludes 55% of the participants expressed willingness to pay some level of taxes to cover the uninsured (1-4). The majority thought that the uninsured should be offered a federal funded health care package. Universal health can enhance health and well-being by promoting access to high-quality care that is cost effective, efficient, safe, timely, patient-centered, and equitable. This paper opposes America’s current private market system of health care coverage and agrees that a universal health care plan is necessary for all Americans...
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...$20k a year salary and turns it into a $60-72k salary. It means going from part time management to full time, barely getting by to having more than enough, and from lacking the feeling of self worth to obtaining an over abundance of self confidence. In many instances a college education is a life style change. Although there are exceptions, people with college degrees earn more over their lifetimes than people with only high school diplomas. “For example, according to the U.S. Census Bureau, the average college graduate will earn $2.1 million over his or her lifetime, compared to $1.2 million for the average high school graduate. Plus, if you earn an advanced degree, your lifetime income will be even higher. A person with a master's degree will earn an average of $2.5 million; a doctoral degree, $3.4 million; and a professional degree, $4.4 million.” A completed undergraduate or graduate degree will not only help you get a job, it has been statistically proven on average to boost pay. The Bureau of Labor Statistics reports that “persons with a high school degree make, on average, $626 weekly. In comparison, persons with an Associate’s degree make $761, workers with a Bachelor’s degree make $1,025 and those with a Master’s degree take in $1,257 a week.” According to these numbers, a person with an Associate’s degree is likely to earn nearly $7,000 more per annum than someone with just a high school diploma, a person with a Bachelor’s degree is likely to earn nearly $14,000 more...
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...Services has researched and prepared a breakdown analysis of two potential career choices with a recommendation of the more compatible of the two professions. My recommendation is based on a thorough investigation and analysis conducted on careers in accounting and legal administration. Purpose, Scope, and Limitations The evidence I have collected relates to the work environment, duties, salary, education, skills, and advancement opportunities strictly limited to careers in accounting and legal administration and examines the facts and evidence to determine which of the two chosen careers would best suit the individual. Sources and Methods I have examined the data instituted in the Occupational Outlook Handbook provided by the Bureau of Labor Statistics online and have analyzed the information provided online by the AICPA. Report Organization In this report, I will provide insight on the two professions – accounting and legal administration. The report will include a brief rundown based of each of the following criteria: work environment, education requirements, job duties, salary/earnings, and advancement opportunities for each profession. The report will conclude with my recommendation of an accounting career over that of a career in legal administration. ACCOUNTING Work Environment The work environment in accounting is generally that of a professional office setting. It is usually a fast-paced and deadline-oriented environment. Also, a considerable...
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...Abolish or Sustain? The Minimum Wage Debate Sarah Campbell May 8, 2013 Abstract In 1938 the Fair Labor Standards Act established a federal minimum wage. Minimum wage has continuously increased throughout the years due to interest rates and the value of a dollar. Since its introduction the minimum wage has risen from 25 cents an hour to 7.25 dollars per hour in 2009. In President Obama’s recent State of the Union Address he states, “Working folks shouldn’t have to wait year after year for the minimum wage to go up while CEO pay has never been higher.” He hopes to raise the minimum wage by 2014 to 9 dollars per hour. Following the President’s support on minimum wage increase Sen. Tom Harkin (Democrat-Iowa) and Rep. George Miller (Democrat-California) formalized a proposal known as S.460, the Fair Minimum Wage Act of 2013 to increase the minimum wage by 2015 to $10.10. This proposal includes increasing the minimum wage (in three incremental increases of $.95) and then indexing it to inflation (“as prices rise, so would the minimum wage” (Cooper, Hall 2013)). Also, the tipped minimum wage (the minimum wage paid to workers who earn a portion of their wages in tips) would be increased in $0.85 increments from its current value of $2.13 per hour, where it has languished since 1991, until it reaches 70 percent of the regular minimum wage (Cooper, Hall 2013). However, in the current tough economic times many people argue that an increased minimum wage will only hurt and...
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...what an information security analysts does. This information will include education, certifications and licenses, related work experience, advancement, and important skill sets. It will also provide information on salary and salary versus other IT positions. What is an Information security analysts? Data security examiners plan and do efforts to establish safety to ensure an association's PC systems and frameworks. Their obligations are ceaselessly growing as the quantity of digital assaults increment. Data security experts should persistently adjust to stay a venture in front of cyber attackers. They must stay avant-garde on the most recent systems aggressors are utilizing to penetrate PC frameworks and on IT security. Examiners need to research new security innovation to choose what will most adequately ensure their association. This may include going to cybersecurity meetings to hear firsthand records of different experts who have encountered new sorts of assaults. IT security investigators are intensely included with making their association's debacle recuperation arrange, a technique that IT representatives follow in the event of crisis. The arrangement lets an association's IT office keep working. It incorporates safeguard measures, for example, consistently duplicating and exchanging information to an offsite area. It likewise includes...
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...Scholarly Commons 2007 Biomedical Research Involving Prisoners: Ethical Values and Legal Regulation Lawrence O. Gostin Georgetown University Law Center, gostin@law.georgetown.edu Georgetown Public Law and Legal Theory Research Paper No. 976413 This paper can be downloaded free of charge from: http://scholarship.law.georgetown.edu/facpub/479 http://ssrn.com/abstract=976413 297 JAMA 737-740 (2007) This open-access article is brought to you by the Georgetown Law Library. Posted with permission of the author. COMMENTARIES Biomedical Research Involving Prisoners Ethical Values and Legal Regulation Lawrence O. Gostin, JD U NTIL THE EARLY 1970 S , R. J. R EYNOLDS , D OW Chemical, the US Army, major pharmaceutical companies, and other sponsors conducted a wide variety of research on prisoners—a captive, vulnerable, and easily accessible population.1,2 During that time, approximately 90% of all pharmaceutical research was conducted on prisoners, who also were subjected to biochemical research ranging from testing diet drinks and simple detergents to studies involving dioxin and chemical warfare agents.3 From 1962 to 1966, for example, 33 pharmaceutical companies tested 153 experimental drugs at Holmesburg Prison in Philadelphia, including a Retin-A (tretinoin) study in which researchers did not seek informed consent and prisoners were not adequately treated for pain.4 By the mid-1970s, biomedical research in prisons sharply declined as knowledge...
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...Although most high school students graduate within the United States, some millions do not, resulting in a weaker job market and lower pay for these individuals and a dropout number that has fluctuated over the years. Data has shown most of these dropouts are Hispanic (United States Census Bureau) and the median pay of high school and college graduates is significantly more than that of high school dropouts (United States Census Bureau.) It is important steps are taken now to prevent high-school students from dropping out, such as using the solution-focused principles and techniques program because, while data has shown various ethnicities drop out of high school in all states, all of these individuals are limited in their career options. It...
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