Your name goes here THE OTHER SIDE OF THE U.S UNEMPLOYMENT. Current unemployment in US is hovering around 4.7%. In other words, about 10.5 million US citizens are looking for a job, i.e. 5% of 210 million which is current estimated population of U.S. These 10.5 million US citizens would compete for the 8 million jobs that the illegal aliens are currently doing today in US. For employers, providing a job means providing perquisites like health insurance and other benefits also. For the vast Americans, the day of the high quality jobs with respectable wages, security and full health insurance and retirement benefits are like mirage and has become thing of the past.
Low unemployment may push back inflation as it will induce employers to raise the compensation to attract employees. When labour force influx is greater than the increase in jobs, unemployment arises. Mismatch between working age population growth and job growth rate results in growth in the unemployment. It is estimated more than 34.6 million Americans slipped below the poverty line. This is nearly one sixth of the population and around 13 million of them are children. The world richest country has the worst child poverty rate and worst life expectancy rate among the worlds industrialized countries.
The Essay on Malaysia Unemployment Rate
An unemployed person is one who is able and willing to work yet is unable to find a job. Unemployment rate is the number of people officially unemployed divided by the labor force. Official unemployment measures those over the age of 16 who are able for employment, but are unable to obtain a job. The labor force is the number of people over the age of 16 who are either employed or unemployed. In ...
U.S department of agriculture has categorized about 9 million people are experiencing real hunger. After Bush took over office, the Americans on food stamp have increased from 17 million to 22 million but Bush is voicing his concern for the Somalians hunger! Over the past half century, both employment and unemployment have risen together. At present more Americans are living in poverty than they were in 1965. What happened to Progress ? Unemployment leads to poverty and Government and Industries in the name of cost and time savings, outsourcing the most of the projects to India and China. If things are allowed to stride in these lines, one may astonished to discern that Congress may outsource the office of the President of the United States of America to India to save the presidents astounding $ 4, 00,000 yearly salaries and also a record $ 521 billion in deficit expenditures and related overhead the office has incurred during last 5 years! On the pretext of shortage of skilled labour, about 8, 00,000 H -1B visa and another 4, 00,000 L-1 Visa foreign workers are already in U.S and naturally this denies job opportunities to locals. For illustration, a 45 year -old native computer programmer who has been shown exit doors and replaced by a 25 year old H-1B worker from India which refuse locals for a permanent job in U.S. The centre for American studies data reveals that immigrants rob the jobs from millions of Americans belonging to working poor and Americans with out college education. Data collected by Census Bureau show that there were almost four million unemployed adult natives (age 18 to 64) with just high school degree or less and another 19 million in the labour force.
The solution to these problems is to have enough protectionism to create and nurture industry and technology based societies. Present economic policies should be budged to get democratic control over cross-border movements of capital and labour and manage both for the peoples overall benefit. We know the mainstream economist will vehemently oppose this but this is the way to protect Native Americans from unemployment. BIBILIOGRAPHY Abbring, Jaap H., Gerard J. Van Den Berg, and Jan C. Van Ours. “Business Cycles and Compositional Variation in U.S.
The Business plan on Interest Rate Cent Unemployment Jobs
Australian financial review March 11, 2003 Tuesday SECTION: Computers; Pg. 34 LENGTH: 407 words HEADLINE: Official IT Unemployment Data 'way Off The Mark' BYLINE: Mandy Bryan BODY: Is unemployment in the technology sector 11. 9 per cent as claimed by the Australian Computer Society, or 3. 8 per cent as claimed by the federal government using its official employment statistics? Unemployed ...
Unemployment.” Journal of Business & Economic Statistics 19.4 (2001): 436. Sorrentino, Constance, and Joyanna Moy. “U.S. Labor Market Performance in International Perspective: From 1960 to 2000, U.S. Unemployment Rates Improved from Relatively High to the Lowest among the G7 Countries; Canada and the United States Were Leaders in Job Creation, While Japan and Europe Had Much Weaker Employment Gains.” Monthly Labor Review 125.6 (2002): 15+..
