Social Problems Of Economy And Employment - 1325 Words

Economy and employment has always been a big topic in the United States. There is always some kind of problem that will lead into arguments between people. In this society, it is difficult to live the â€Å"American dream† or have â€Å"a house with a picket fence†. Everything is so expensive these days that it leaves low and some people in middle class struggling to feed their families. If a certain individual does not have a average paying job, the person will struggle and will not have a rewarding career, fulfilling life, and will not retire in comfort. There are many social problems of economy and employment. To achieve the â€Å"American dream† type of life, it costs about one hundred thirty seven thousand dollars per year for a family of four. Only one eighth of these families achieve this in the United States. Next, welfare becomes a problem in this society. Not everyone gets the opportunity to go on welfare, which creates problems for people. Most people on welfare on it for a short period of time. Even though they cannot stay on it for life, welfare people get the chance to have food stamps, live in subsidized housing. Some people get no co-pays, reduced or free lunches, and some pay pell grants for college. This leads to the working poor of the society. 25% of employed people use some kind of social services, 52% of fast food families receive social services, and 33% of bank tellers receive a form of social services. In this situation, the government does helpShow MoreRelatedCauses Of Unemployment In Nigeria1 482 Words   |  6 Pagespsychologically. Nigeria economy since the attainment of political independence in 1960 has undergone fundamental structural changes. The Nigerian economy relatively grew in the greater parts of the 1970’s with the respect to the oil boom. 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In 2013 the unemploymentRead MoreWhat Are Technological Determinism, Scot, Feminism, Semiotic Approach, Cultural / Media Studies Approach?1175 Words   |  5 Pagesthe development of its social structure and cultural values. Social construction of technology (also referred to as SCOT) is a theory within the field of Science and Technology Studies. Advocates of SCOT—that is, social constructivists—argue that technology does not determine human action, but that rather, human action shapes technology. They also argue that the ways a technology is used cannot be understood without understanding how that technology is embedded in its social context. SCOT is a responseRead MoreEconomic Phenomena Of Specialization And Diversification1747 Words   |  7 Pagesdiversified economies are less vulnerable to economic shocks than specialized economies† (Kaulich F. 2012). On the other hand it is also true that in a globalized world, economic systems that specialize in the production of goods in which they have strong comparative advantages gain great benefits. A good example to support this statement is the case of London itself. We consider London as a successful case of economic specialization for the key role that it plays in the world economy as an internationalRead MoreImmigration And Its Effects On The Country s Economy1044 Words   |  5 Pagesnecessity, can have a devastating effects on the country’s economy and population if uncontrolled. Therefore, immigration is only good, if it is limited immigration and is controlled. According to John Engler, â€Å"Immigration reform would improve economic growth. The Bipartisan Policy Center estimates that reform would boost gross domestic product by 4.8 percent and productivity by 1.0 percent over 20 years. Reform would also increase U.S. employment and raise wages. 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The classical view gives you a look into the supply side of the economy using Say’s law and the Say’s law flow diagram. Most economists followed the classical view up until the 1930’s. Then