For this, I'm going to assume we resume with option "A".
Have we continued on our same terrible path of debt in our future of 2024? I believe that we do. I believe our economy is going to continue with this national financial debt, and as each year goes by, the debt gets worse and worse. We will be in the path of terrible destruction to our American economy, and more and more people will struggle throughout this expanding national debt. People will strive to get a good job and provide a safe, stable home for their families. However, even jobs will be harder to find if this prediction becomes true.
Slowly but surely, more people will lose their jobs as the amount of debt increases. Politicians might say our economy is improving, but their concerns does not involve money, because they live in a financially stable place. In all reality, our economy is not improving. It is the simple fact that the debt has stopped increasing, but definitely not improving. As Americans (as sad and true as it is), we have an urge to continuously purchase items that we don't need with money we don't have. Why? Because things such as ads, commercials, etc. tell us we need that certain item to "improve" our lives. We are spoiled, but we as the people of America don't like to admit that, where as places such as India and parts of Thailand suffer from poverty, and half the time don't have money to spend. However, people who live in such conditions know how to save and how to control themselves from buying unnecessary things. If a person in poverty got $5, they would purchase food or try to make improvements of their lifestyle, where as Americans will buy the hottest clothing, phones, iPods, jewelry, etc.
I can see myself struggling to keep my future job, let alone my home in 2024 if our economy continues to fall straight into the crapper.
How big will the difference be between rich and poor in 2024? Or even 2030? Will the possible downfall of the economy effect the wealthy a lot or a little?
Thursday, December 20, 2012
Monday, December 17, 2012
Wage Gap of Women and Minorities
Wage Gap of Women and
Minorities
By Ariel Niemela
Many
wonder why women and people of other ethnical backgrounds are paid less than
Caucasian men. Even men complain about the lower income their wives receive
compared to everyone else. Currently, females are paid 78% of a white males’
income. Some women just play along with it, while other women argue that it is
sexist. For Blacks and Hispanics, the wage gap is more severe. I must say that
I too agree with these statements and that it is truly unfair and insulting,
especially in the modern world of the 21st century.
For
years, even in the National Anthem, we claim our rights and equality as the
people of the United States of America. Yet, it seems very hypocritical. We
still hold our traditions, but only slightly so. In other words, we are still
slightly sexist and racist. Only, it is not at all politically correct, and
with that said, the media doesn’t make it obvious, nor does everyone else of
the nation. For example, if a white man were to be having a conversation with a
black man, he would talk differently with him than if he were to be speaking to
another white man. In the South, Americans are still slightly stuck in their
traditional way of life, whether people of America see it or not.
It is not
just the choice of major that determines how much college students will earn
once they graduate. It is simply the disparities based on gender and race.
Women earn less than men in nearly all ethnic groups. A report confirms
a stubborn gender-wage gap more than 40 years after the passage of the Equal
Pay Act of 1963; which made it illegal to pay women less than men working at
the same job.
Back
in the 1950’s, women were only paid 60% on average compared to men even when
working year round full time. Since the 1980’s, there has been improvement for the gender wage gap, but it
hasn’t disappeared. Throughout the 80’s, even though it has improved, it was a
little less consistent, so all in all, it remained at 60%. In the 90’s, it
increased to 72%, and in 2000, 73%. Today, women are paid 80% of every dollar a
Caucasian man is paid. This not only affects the female individual (who may be
widowed or single), but the woman’s family and family income as well, as she
tries to provide a good living for her children by herself. The poverty rate
for females (13.8%) is higher than the rate for males (11.1%); almost 37.3
million Americans were living in poverty by the year 2007. Over 7.6 million
families were in poverty. Families with children had a higher percentage of 15%
in poverty in 2007. Families and households headed by a single woman/mother are
most likely to be in poverty than other families and households. 28.3% were in
poverty and 37% of female-headed families consisting of children were in
poverty in 2007, and it increased due to the economic recession that followed.
So why is
a woman’s income less than a man’s? Back in the old days, women used to drop
out of the labor force for extended periods of time to bear children, which has
changed a great deal over time, however the disruption has lowered the earnings
women receive compared to men. It is the simple fact that women can bear
children that makes their income lower and less valuable. This is a definite
discrimination issue nationwide. Today, legislators provide only twelve weeks
of unpaid leave, if pregnant. The income also depends on what occupations and
industries women go into as well, which; generally it is women who take the
secretary jobs than there are of men taking secretary jobs. Historically, women
have entered the labor market taking the lowest paying jobs and doing the same
work they did at home; cleaning, cooking, child care, etc., which interferes
with their wage potential. Women are also paid less than men for even doing the
same work. Women are more likely to be in low-paying jobs, and they often work
fewer hours and have fewer job skills than men. It’s a traditional believe that men are more likely
to work more and harder to provide food on the table than women can. To
elaborate, it is still a man’s world.
The wage
gap is even worse for women of different races other than Caucasian. Black
women are paid 63 cents for every dollar paid to a white man, and Hispanic
women earn 53 cents. Black men earn 75 cents and Hispanic men earn 62 cents on
the dollar. When the Civil Rights Act of 1964 was passed, it became illegal for
employers to discriminate based on race. Obviously, even in the modern world,
there’s still something wrong here.
Families
headed by single mothers lived in poverty (38%) due to the lack of equal
income, compared with 18.7% of families headed by single fathers in 2007. African-American
single moms, or Hispanic single mothers were a lot more likely than white or
Asian single mothers to live in poverty, even though --- despite their ethnic
backgrounds --- all families headed by single women lived in poverty.
A study
also shows that in 2007, female high school graduates earned a weekly median
wage of $512, compared to a weekly median wage of $689 by male high school
graduates. College
educated women earn 5% less the first year out of school than their male peers.
A decade later, it evolved to 12%.
Throughout
the country, fair pay is the number one issue for working women today. Women
and people of other races are faced with pay discrimination at work every day.
People who face these issues have fewer assets, and are far more likely to live
in poverty. Many researchers have discovered disparities favoring white men in
all industries.
Some say
racial stereotypes still factor into hiring and salary decision-making. Others
say it’s because minorities are believed to be more likely than whites to
become first-generation college students. These assumptions are, of course, not
certain, for it is not clear why this gap still exists.
Even
though the Equal Pay Act was passed, it is difficult to enforce equal pay for
equal work laws when the workplace is gender-segregated.
In conclusion, women and minorities still do not have an exact response as
to why this stubborn wage gap still continues to play in the 21st century, but
it is easy to see that it is obviously still based on the old tradition of
America and obvious discrimination.
Work Cited
"Mind the gender pay gap - it's unfair and sexist; Are women in the workplace worth [pounds
sterling]10,060 less than men? This pay disparity is unfair, sexist and something that needs to be addressed urgently, says Anne Francke of the Chartered Management Institute." TelegraphOnline 7 Nov. 2012. Gale Student Resources In Context. Web. 28 Nov. 2012.
"Money, Income, and Poverty." Women in American Society. Melissa J. Doak. 2010 ed.
Detroit: Gale, 2010. Information Plus Reference Series. Gale Student Resources In
Context. Web. 28, Nov. 2012.
"National Committee on Pay Equity: Wage Gap Widens." US Newswire 1 Oct.
1999:1008273n0021. Gale Student Resources In Context. Web. 28 Nov. 2012.
"Women in investor relations profession earn less than men, new report finds Gender pay
gap persists despite experience and seniority." PR Newswire 1 Nov. 2012.Gale
Student Resources In Context. Web. 30 Nov. 2012.
Monday, December 10, 2012
Fiscal Cliff
If I were to explain to one of my teenage peers about what the Fiscal Cliff is and why it exists is by first explaining the beliefs of both the Democrats and Republicans. When they can't come to an agreement about spending and spending in general, the Fiscal Cliff comes in. The Fiscal Cliff is what forces both sides to come to an agreement by a certain date, which, in this case is January 1st, about taxes. The Democrats will argue that we should have higher taxes so that the money can spread more, especially from the wealthy, and can go to important lifestyle things such as the hospital and schools. The Republicans will argue that we need less taxes so that people can get a higher income and have the option or ability to spend on anything they want or need. However, if both sides do not come to an agreement by January 1st, it will automatically go to making higher taxes and decreased income.
The ATM is a tax that is added to the regular tax pay some people do or have. It's to prevent people who earn higher incomes from whatever job or occupation they have from using certain tax benefits to magically have them pay less than everyone else or to none of a regular tax. This is what the Congress are in charge of, so until they announce something, anyone is a potential target to the ATM. The Fiscal Cliff is involved with this act too.
The Fiscal Cliff, again, must be decided by January 1st, 2013 (I cannot believe it's already almost 2013!!!). Once decided, it will either move on to whatever request the Democrats and Republicans have come up with, or it will automatically be pressured against the people to pay high taxes. The ATM is to be thought about as well.
The ATM is a tax that is added to the regular tax pay some people do or have. It's to prevent people who earn higher incomes from whatever job or occupation they have from using certain tax benefits to magically have them pay less than everyone else or to none of a regular tax. This is what the Congress are in charge of, so until they announce something, anyone is a potential target to the ATM. The Fiscal Cliff is involved with this act too.
The Fiscal Cliff, again, must be decided by January 1st, 2013 (I cannot believe it's already almost 2013!!!). Once decided, it will either move on to whatever request the Democrats and Republicans have come up with, or it will automatically be pressured against the people to pay high taxes. The ATM is to be thought about as well.
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