1301 Dr. Clark Income Inequality and Mass Unemployment: How Are They Related and What Can the Government Intervene Income inequality can be defined as the unequal distribution of individual or household income across the various participants in an economy. The most common causes of income inequality are usually education and training‚ natural talent‚ discrimination‚ preferences and risks‚ market power and unequal distribution of wealth. Unemployment‚ which occurs when a person who is actively
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During the 1970’s-1990’s the increase in the rate of unemployment in Australia can be explained through the combination of increasing real wage rates and a slow rate of output growth. The reason behind such prolonged periods of high unemployment was due to our inability to reverse the effects of the sudden unemployment rate shocks fast enough (prolonged recovery periods) which resulted in Australia experiencing high levels of long-term unemployment. In May 1997‚ 30% of unemployed Australians had been
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Unemployment is an ongoing problem throughout the world. One may asked‚ what is unemployment? It is the number of persons who are willing and able to work but are unable to find jobs. Unemployment is harmful to a country because it imposes costs on a Society. The cost of employment to a nation can be categorised under three heading‚ namely · The Social Cost · The Cost to the Exchequer · The Economic Cost The Social Cost of Unemployment The social cost of involuntary unemployment is incalculable
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Factors Causing Unemployment Even with a booming economy‚ there are still some countries experiencing the imminent problem of unemployment. This paper analyzes the major factors affecting the high unemployment rate in the Philippines. The country has showed some positive progress on their economy; however‚ its unemployment rate still ranks highest among its neighboring Southeast Asian countries. Unemployment affects so many aspects of the economy‚ so knowing the root causes of unemployment will help the
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I. INTRODUCTION Unemployment is the condition of willing workers lacking jobs or "gainful employment". In economics‚ unemployment statistics measure the condition and extent of joblessness within an economy. A key measure is the unemployment rate‚ which is the number of unemployed workers divided by the total civilian labor force. The unemployment rate is also used in economic studies and economic indexes such as the Conference Board’s Index of Leading Indicators. Unemployment in an economic sense
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METHODOLOGY 2.1 Introduction Theory have put forward several prepositions on how economic development has lead to reduction of unemployment rates through both private and public investment according to the Solow’s model and endogenous theories of economic development. Empirically‚ the studies done on development have raised mixed up conclusions as some show that economic development has lead to capitalization hence capital replacing the labour and thus further unemployment. This chapter reviews both
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practices int he provision of services to survivors of domestic violence and sexual assault Roberts‚ J. (1995). Sexual assault is a crime of violence . Canadian Journal of Criminology and Criminal Justice ‚ 88-93. Sociology Guide.com. (2011). Conflict theories. Retrieved 05 18‚ 2012‚ from Sociology Guide - A Students Guide to Sociology: http://www.sociologyguide.com/social-
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the conflict perspective is that society is comprised of groups with competing self-interests. Deriving from this competition is a struggle for power. Most often‚ the distribution of power is imbalanced among the groups. People are competing for resources that are in scarce supply. The social groups in a society that tend to dominate over others are the ones who maintain the majority of the wealth‚ prestige‚ and power. Farley has summarized that societies naturally tend toward conflict. (2000)
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There are many sociologists over the last centuries who have great roles and contributions in the way society has changed the way people live in today’s society. Karl Marx is famous for developing the socio-politcal theory of Marxism in the 1840’s to 1880’s. He is said to be a founding father of sociology. This theroy has been important in social science and the socialist political movement. The power of his ideas have changed the way we look at the world today. He was very concerned with a person’s
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This entry gives an estimate from the US Bureau of the Census based on statistics from population censuses‚ vital statistics registration systems‚ or sample surveys pertaining to the recent past and on assumptions about future trends. The total population presents one overall measure of the potential impact of the country on the world and within its region. Note: Starting with the 1993 Factbook‚ demographic estimates for some countries (mostly African) have explicitly taken into account the effects
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