Since the recession the United States economy faced in 2008 and 2009‚ the economy has been slowly recovering. Currently‚ the unemployment rate in the United States is 4.9%(“Unemployment Rate” ). The Federal Reserve predicts that by the end of 2017‚ the unemployment rate to decrease to 4.8 % (“Economic Outlook” ). Inflation is also decreasing and it is expected to continue to until 2017 ( “Economic Outlook”). As inflation decreases‚ the price level will fall and the purchasing power of consumers
Premium Inflation Economics Macroeconomics
Skill Development and Unemployment Unemployment is a curse to any economy. It destroys productive resource. It impedes growth in the country. It generally reduces output and aggregate income. It increases inequality creating a gap in between employed and unemployed. Apart from lost output‚ there is a personal cost attached to the unemployment. In developed countries due to high unemployment allowance‚ short term unemployment may not affect a person much but in long term its effect is a personal
Premium Unemployment
peaceful agitation launched by Anna Hazare‚ his arrest and then the agitation by the people of India. From outside of India‚ I see this as a mass movement just like the one that we had against extension of Reservation quota by Arjun Singh from the same UPA government. And ironically‚ I also see the same kind of resistance being offered by the government to accept the reasonable conditions of the people of India. But at the same time‚ I really wonder whether the agitations going on across the nation are
Premium Law Political corruption Question
On p. 90 Weber introduces the ‘ideal type” as a kind of artificially constructed concept that is useful “for heuristic as well as expository purpose.” What is an ideal type? How do we make one? How can we make one? How can we use it as a tool to overcome difficulties inherent in doing scientific study of cultural reality (a reality in which “all knowledge is knowledge from particular points of view‚” p.81‚ and “these standpoints [cannot] be derived from “the fact themselves‚” p. 82) Idea type
Free Sociology Scientific method Science
The person we are is a complicated mixture of how we look‚ behave and think. As people we are constantly changing‚ influenced by our surroundings. It is my belief that most people in modern society believe that the person they have become is a direct consequence of the decisions that they have made during their life. What most people don?t realise is that a great deal of decisions which have affected the course of their life were made before they were even born. In most cases‚ these decisions will
Premium Gender Masculinity
goldsmith. King Hiero later found out that the crown may not have been of pure gold‚ but made of a gold and silver mix. Hiero called in a young man by the name of Archimedes because he was capable of revealing the truth. How did Archimedes use his principle to solve King Hiero’s problem? One day‚ while Archimedes was getting into the bath tub‚ he noticed that the more he walked into the tub‚ the more water that ran out of the tub. He found out that when an object is immersed under water‚ there
Premium Water Greek mythology Sophocles
It is an oft heard complaint that even seven decades after independence‚ india has been unable to shrug off it’s colonial burden. In most cases this colonial burden has been implied to be the form or system of governance – directly imported from the Westminster model; The constitution – which remains indian in spirit but draws from multiple western sources; and the usage of the English language. Limiting ourselves to these would be merely skimming the surface of the large body of water that is india’s
Premium United States India United States Constitution
rural and urban India (aka Bharat and India) have finally come true. Labour Ministry data indicates that higher education and degrees are not helping rural job aspirants to get their coveted jobs. Not only unemployment among rural graduates and post-graduates is higher‚ but also they lack basic skill-sets to fill the demands of market economy. The dangerous trend‚ if anything‚ may offset the gains by India at the literacy front. While the country has added more literates in rural India from 58.7% in
Free Unemployment Employment
in addressing ’peace’. In my personal opinion peace isn’t just a cleaver way of showcasing your imposed superficial friendliness while brewing up violent tendencies from within !As is highlighted by India’s relations with Pakistan………in formal terms we are at peace since the kargil war of 1999....but reality rests in a completely different sphere. I believe peace is not just stopping wars...its something more....it’s the victory of reality over virtual superiority‚ the realization that everyone in
Premium Peace
The causes and consequences of unemployment Unemployment causes There are three main causes of unemployment‚ the first is cyclical unemployment which is unemployment arising from a lack of aggregate demand. Demand for most products are likely to be low and unemployment may be high. Since not a lot of people are buying a product‚ firms do not need as much labour and will reduce it leading to unemployment. This in turn will lower disposable income and decrease demand for certain products‚ hence
Free Unemployment Economics Inflation