Our economics project scenario was a single mom working 60 hour weeks and small child. The hardest thing to do with our scenario was to find childcare that was open 60 hours a week and to buy the comforts that improve quality of life without going over budget. Most of our money was spent on buying necessities like food and clothing, in addition to paying rent and child care. I was shocked at how expensive daycare was, it cost more than rent! The quality of life for our family would be below average. The mom works 60 hours a week, so would have very little time to spend with her friends or child. Also, since the mom works so much, the kid would spend most of his time at daycare, which is less than ideal. Although we could afford some luxuries …show more content…
After completing this project, it has become clear to me that our economic system is not fair and that hard work does not necessarily mean you will make any money. After watching the video that showed wealth distribution in America, I realized the monopoly the top 1% has on wealth and that no matter how hard the bottom 10% tries, they are unlikely to rise substantially in economic class. Our fictional family fell somewhere in the middle percents, meaning that at $2,700 a month, they doing better than a lot of Americans. Putting in 60 hour weeks, the mom would likely likely work harder and longer than those in the top 10% but only make a fraction of what they do. That doesn’t seem fair. The only way this inequality is going to be fixed is take away the power the wealthy has in economic decisions. We have to remove the cap to create more money for the poor and we have to stop allowing the rich to pass policies that make them richer. We need to recognize the economic inequality in our country and actively work towards solving it to help the lower-class families like the one in our scenario live more comfortable
Your paper should be between 1750 and 2500 words, in APA format and structured as follows:
1. Explain how observed teleconnection patterns can help in the preparation of a seasonal weather forecast.
This is the first of three milestone assignments that will lead to completion of your course project. In this assignment, you will complete Critical Element III: GAAP
“Despite huge advancements in technology and productivity, millions of Americans are working longer hours for lower wages. The real median income of male workers is $783 less than it was 42 years ago; while the real median income of female workers is over $1,300 less than it was in 2007. That is unacceptable and that has got to change.”
People are still living on $2 a day here in the United States. As one of the wealthiest countries in the world, how is it possible for people to live with this little amount of money? I know that I cannot. In $2.00 a Day, Jennifer Hernandez, a single mother with two kids, is a person who lives on $2 a day as she tries to survive and support herself and her kids in the collapsing economy. The minimum wage job for cleaning houses reinforces the cycle of poverty that Jennifer and her kids live in. This cycle of poverty reveals that there needs to be major changes to the economical infrastructure of the United States since the poor cannot get themselves out of poverty even though they actively look for work or have a job.
The current economy has hurt many retail businesses. Every month another retail giant closes its doors. Retail stores which we never would have imagined have gone bankrupt. Retail sales have declined greatly. Major cause of this declination is because many people are unemployed and cannot afford to purchase anything. Retailers are forced to discount prices to increase sales, but discounting still hurts margins. Retailers are assuming a very
1. Based on the readings from weeks one and two, discuss the images of America the European writers constructed to promote colonization and settlement. What kinds of unique natural resources and environmental factors did they extol in their accounts of the New World? Relate these images to natural resources and environmental factors today.
The American Dream doesn’t run on magic and fairy dust, it is fueled by hard-earned American dollars, persistence, and hope. Most modern, working class families can’t expect to receive a reasonable income to cover things such as medical expenses and emergencies. With that said, the stay-at-home parent trying to reach the goal of a perfect oasis is even more taboo. It’s hard to achieve this “dream”, when you’re the only breadwinner in your household. Parents can no longer live comfortably, and in some cases even survive, on one person’s income. The costs of homes, transportation, and education combined with incredibly low wages often leaves families in a crippling financial situation, making it virtually impossible to, “keep up with the Jones’s.”
What is the effect on the equilibrium price and equilibrium quantity of orange juice if the price of apple juice decreases and the wage rate paid to orange grove workers increases?
6. What types of care and health care support will Keith have to possibly depend upon in the future? What preparations should Keith make? (1 point)
This assignment has a maximum total of 100 marks and is worth 10% of your total grade for this course. You should complete it after completing your course work for Units 1 through 5. Answer each question clearly and concisely.
Every American dreams of finding a job that pays well enough so that they may comfortably take care of their loved ones and themselves for years to come. Most Americans hope to find some way to make a living that they enjoy, something that they view as productive. Unfortunately, many do not have this luxury. In our society, a good portion of the population is forced to hold the base of our country in place while hardly being redeemed for their time and effort, and thus the problem of income inequality. Numbers of these people live from paycheck to paycheck, barely getting by, not because they manage their money poorly, but because the value of their time at work is negligible.
Nicki asks if Dana believes in her, it is a big step for Dana to allow Nicki, a person she met only a few weeks earlier, to save her sister from going through the abuse she went through as a younger child. Nicki is able to save Dana’s sister and helps Dana learn to trust her mother and sister again. In conclusion Dana becomes a trusting individual when she learns her sister is in trouble and opens up to let Nicki help.
An increase in baby booming makes it tougher for working parents to find daycare. The facts prove that having children come with a true price. Even so it doesn’t change the issues of finding child care or makes them go away. When parents work, quality child care is a necessity. And it does not come cheap. For families with more than one child, child care can eat up one salary, leaving parents wondering both working is worth it. When thinking of child care there are some options to consider like choosing a child care center, the costs of child care centers, and waiting lists.