INFLATION vs UNEMPLOYMENT Which is the Bigger Evil ? Firstly‚ what is inflation and what is unemployment ? Unemployment occurs when a person who is actively searching for employment is unable to find work. Unemployment is often used as a measure of the health of the economy. The most frequently cited measure of unemployment is the unemployment rate.This is the number of unemployed persons divided by the number of people in the labor force‚ while inflation is the rate of change in the general level
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nationalism‚ and militarism. Nationalism was the leading cause of World War I because it an extreme form of patriotism and loyalty to one’s country‚ where they place the interests of their own country above all other countries. World War I was inevitable‚ for the causes of the war revolved around ideas that were popular during the time period. Imperialism‚ alliances and militarism were all important aspects of World War
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Minimum wage causes unemployment United States has established minimum wage since 1938 because they believe that minimum wage is the first step that helps to provide a better and decent life to the people. (Edwards at al‚ 2007) From 1997‚ the United States federal minimum wage was USD5.15 per hour and up till today‚ it has increases it to USD7.25 per hour. (Edwards at al‚ 2007) Though increased of wages will bring a decent life to the people‚ it will also damage the economy of the United States
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market crashing‚ which later on wiped out many of investors. This caused steep declines in industrial output and a majority of people became unemployed. Unemployment led to families not being able to support their children. When the Great Depression began‚ the United States was the only industrialized country in the world without some form of unemployment insurance or social security. By 1933‚ when the Great
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Why is Unemployment high in the Philippines? As a result of the global economic crisis‚ which drastically cut our exports and slowed down our OFW (overseas Filipino workers) remittances‚ Philippine economic growth in GDP (gross domestic product) terms which was registered at 7.1 percent in 2007 was brought lower to 3.8 percent last year and to just about 1 percent in the first half of the year. Despite the slowing down of the domestic economy‚ however‚ Philippine unemployment rate remained at almost
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University Unemployment is a Serious Social Issue Unemployment is the condition and extent of individuals out of work within an economy‚ measured by the “official” unemployment rate (U-5). This measure is the number of unemployed workers divided by the total civilian labor force. As of June the “official” unemployment rate stands at 9.2%. What is rarely reported‚ and even more ominous‚ is the underemployment rate. This rate includes two groups that are not considered in the official unemployment rate:
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War is often times inevitable‚ a conflict between two or more countries may arise and they battle with armed weapons until there is one side which achieves victory. World War One was battled by the Allied Power and the Central Powers; it was a conflict that occurred worldwide. It is often times acknowledged as the First World War‚ and eventuated from 1914 to 1919. No subsequent or former conflict had ever restricted as many soldiers or involved as many in any battle. As the war terminated‚ it
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Nowadays unemployment is one of the biggest problems among all countries in the world. It is caused by many reasons and it is more complex than it may seem. People are mostly dissatisfied with their salaries. They feel they get not enough money for their work. As a result‚ they prefer to take unemployment benefits than take up any job. Another problem connected with unemployment is lack of workplaces. It happens when there are a lot of people interested for particular post. It demotivates and discourages
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World War I: An Inevitable Outcome World War I: An Inevitable Outcome World War I can best be depicted as a perfect storm‚ beginning with a single act of terrorism. This act would bring about the deluge to come‚ presenting as the catalyst to a particularly explosive state of affairs amongst the nations of the world. Persian statesman Otto von Bismarck “was quoted as saying at the end of his life that "One day the great European War will come out of some damned
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slavery. Even though they’re weren’t very many huge improvements to the slavery laws‚ it was fairly clear that there would be a big conflict to resolve the issue. The civil war was inevitable due to the Northwest Ordinance‚ the Missouri Compromise‚ and the Kansas-Nebraska Act. There were signs that a war was inevitable all the way back in 1787 when the Northwest Ordinance
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