Archive for the 'income inequality' Category
Mar
24
Blog Post 8
March 24, 2015 | Leave a Comment
The disproportionate ratio of job availability to job seekers is creating a detrimental atmosphere. To be stuck in that situation is unimaginable to me. It takes unwavering willpower and tremendous luck to finally leave this deep hole. Plus, the obstacles of finances and emotional stress will impede many moves. Will the market resolve itself or […]
Mar
24
Blog Post #10: Job Creation
March 24, 2015 | Leave a Comment
The availability of jobs has a great effect on the growing income gap and income inequality. It’s not that people don’t want to work; it’s that they are discouraged from finding a job. From the articles, it states that workers were paid more during the recession than during the recovery. Raising the minimum wage is […]
Mar
24
Blog Post #10 Andrew Chen
March 24, 2015 | Leave a Comment
The New York Times article, just written six months ago, details the lack of employment among workers in their prime working years. Nearly three million workers has disappeared, due to retirement of baby boomers and others just flat-out quitting to return to the workforce. Not only did the number of jobs created decrease, but also […]
Mar
24
Quality over Quantity
March 24, 2015 | Leave a Comment
Getting and creating jobs are very good things, don’t get me wrong. But when the quality is overshadowed by the quantity, well, that’s a problem. A 23% decrease in wages, accounting for $93 billion in lost wages is a substantial number. This number is further widening the gap between the rich and poor. Most of […]
Mar
24
Job Creation-Class #16-Gerald Lizzo
March 24, 2015 | Leave a Comment
The New York Times article raises an issue I mentioned in one of my prior blog posts about minimum wage increases. This is the notion of the labor force participation rate. I argued that while raising minimum wage was important, it is just one step towards finding a solution to income inequality. Simply, we can […]
Mar
23
Class 16 – Job Creation – Mohd Sakib
March 23, 2015 | Leave a Comment
Wage gap and sluggish employment growth within the United States have been significant underlying drivers to income inequality within the past few decades. Wage gap specifically definitely supports the phrase that the rich get richer and the poor either stay the same or get poorer. The report made by The United States Conference of Mayors […]
Mar
23
Living Wage 2– #10 – Josh Hirth
March 23, 2015 | Leave a Comment
The first possible explanation for the wage gap between pre recession salaries and salaries today is that during the recession many workers were entering the workforce with no jobs available and even today there is a backup of available workers. This causes more workers than jobs available, which obviously would affect wages. Using the 2001-2002 […]
Mar
22
Post #10- Nick Djamalidinov
March 22, 2015 | Leave a Comment
When I first heard that the unemployment rate was dropping, I thought that signaled the end of the recession. But then in Macroeconomics class, my professor talked about “discouraged” workers, people who stopped looking for jobs. This issue is covered by the NY Times article. The usmayors.org article talked about another issue of the recession: […]
Mar
22
Blog Post#10 (Class 16) – Cheng Dong
March 22, 2015 | Leave a Comment
Class 16: Getting People to Work – Perhaps Encourage Them With Minimum Wage? The articles this time have presented to us a very negative perspective on our economy today. At the same time, they also presented us with a somewhat unexpected method of combating the income inequality that haunts us so today. Unlike what we […]
Mar
19
Wages and Myths- Class # 15 Blog post Nicholas Lee
March 19, 2015 | Leave a Comment
Once again, these three articles discuss the controversy of raising the minimum wage throughout the country. These articles bring about an interesting debate about the minimum wage. After reading these articles, a few points stood out to me that I was not expecting. One of them was in the guardian article. Although I was aware […]