... 1996. The increase has been less than the rate of inflation during this period. The vast majority of the 22,000 members of the American Economic Association agree that increasing the minimum wage will increase unemployment among young, unskilled workers. This 35% hike in the minimum wage paid by the business will be one of the biggest increases in California history. And, it will hit just when the state is recovering from a long recession. Approximately 2 million of California's nearly 13 million workers earn less than $5.75 per hour. Most of these workers would be directly affected by this increase. Roughly one-forth of those earning less than the proposed $5.7 ...
Words: 835 - Pages: 4
... retirement. Eventually, however, most of us will reach a point in our lives where work shall come to an end, yet the existence of living expenses will not. Social security, many of us find out; will provide us with a monthly check at this point. What we do not realize, however, is that this amount is not intended to be used as our sole source of income. Unfortunately, the tragic irony is that many of us reach retirement and realize too late how impossible it would be to live by no other means except social security. The reality is, that the program is but one benefit, one addition, and one financial supplement. Its intent is to be combined with other s ...
Words: 770 - Pages: 3
... dealerships, clothing shops and sports arenas” (Popkin). Casinos take money away from existing businesses. In Atlantic City, where casinos were supposed to save their failing economy, over 900 of their 2,100 small businesses have closed and the number of restaurants was reduced from 243 to 146. By providing everything a person needs, the casinos are designed to keep people inside. The truth is casinos drain money out of an area into a far away bank account, most often never going back into the community. Casino revenues may look good on paper to the average person, and to politicians who are constantly being pushed to gain more revenue. In reality they are al ...
Words: 554 - Pages: 3
... about one-fourth of what it asked for in one year. Realizing that this type of government would not work for the union, and facing many rebellions because of taxes and depreciating paper note value, the U.S. began on a task that would remain a difficult one for the next 40 years. They set out on a task to create a Constitution which would provide the nation with wealth, and the ability to protect it's people. The public debt was very high, and Alexander Hamilton set out to rid the nation of this debt. With a duty on domestically produced whiskey, avid alcoholics revolted. The Whiskey Rebellion gave the government a new unspoken power among the nation, telling t ...
Words: 688 - Pages: 3
... begin to fall. Because of the surplus of goods and falling prices consumption becomes more desirable to consumers and the level of consumer spending rises. The fall in prices causes business to become less profitable and producers decrease the level of production. This results in the decrease of the aggregate quantity supplied to decrease. This continues until aggregate quantity demanded equal the aggregate quantity supplied and a period of short- run equilibrium is established. The real GDP and the price level have both decreased from the original long-run equilibrium level and the economy is operating under the full employment level. At this point the U.S. e ...
Words: 823 - Pages: 3
... it all. Hit movies, hit cd's, a beautiful wife, a beatiful child, money and lots of it, and health. The main reason though that I think he is living this dream is because he was voted the number one nicest actor on and off the set. This would be a great title to be given. I would be honored if I was voted this. He is an inspiring actor because of this. He is a great role model for young children and they look up to him. I think when children sees what Will Smith has accomplished they imagine themselves accomplishing the same goals. I believe that Will Smith stands out from the rest. Not because he is the best actor, because he is not, and not because he has milli ...
Words: 596 - Pages: 3
... and once again became prosperous. Keynes ideas were very radical at the time, and Keynes was called a socialist in disguise. Keynes was not a socialist, he just wanted to make sure that the people had enough money to invest and help the economy along. As far as stressing extremes, Keynesian economics pushed for a “happy medium” where output and prices are constant, and there is no surplus in supply, but also no deficit. Supply Side economics emphasized the supply of goods and services. Supply Side economics supports higher taxes and less government spending to help economy. Unfortunately, the Supply Side theory was applied in ...
Words: 499 - Pages: 2
... are directly employed in the mining industry4. Mining is very important in Canadian life. Not only do the products power the family car and heat the family home, the manufacturing sector, the high tech industries and even the better known resource industries are all dependent, in some way, on the mining industry. The mining industry will continue to be an important support to the economy. Mining is taking full advantage of the quick expansion of computers and microelectronics. These technologies are found in nearly every aspect of mineral development activity - from exploration methods, through production, mineral processing and even marketing. Com ...
Words: 1925 - Pages: 7
... Motor Company, a large United States automotive corporation, strives for success each and every year. The success of Ford Motor Company, as well as other corporations, can be measured by analyzing the two most important goals of management, maintaining adequate liquidity and achieving satisfactory profitability. Liquidity can be defined as having enough money on hand to pay bills when they are due and to take care of unexpected needs for cash, while pr ...
Words: 2076 - Pages: 8
... healthcare clients. Therefore, Dix and Eaton does not specialize in any one area, but they do have expertise in investor relations. It is nice to know that Dix and Eaton is very broad to many areas and represents many companies. It also is positive that this firm has served more than half of these clients for five years or more. This is probably why Dix and Eaton is ranked among the top fifteen independent firms. Therefore, this firm has good relations with each client if the client is willing to stay with Dix and Eaton. In addition, I also thought that it was interesting to know that this firm had increased recognition because of the air bag-related issues ma ...
Words: 437 - Pages: 2
