Essay On Unemployment In America
In the United States today, a huge social issue that Americans are facing is unemployment. Unemployment is so important today, because it has retaken its place in Americans’ minds as the country’s biggest social problem in the United States. According to brookings.edu, “The government's report that the economy added only 74,000 jobs in December, while the unemployment rate dipped to 6.7%, has left many feeling dispirited and confused ”(1). This quote is explaining that the Economy is creating more jobs for the people, but still the numbers are falling for people that have jobs today. When large numbers of people are unemployed, it has a widespread of social effects. If you can't physically feed your family, or pay your rent, you need help.
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In the United States today, the new number one economic problem facing the people is American Productivity. Productivity is the rate at which Americans produce goods and services and being able to exchange value. According to CBS news it said “Even as hiring and the general outlook have improved since the recession, productivity has failed to rebound, prompting Capital Economics to call the issue "the No. 1 economic problem" facing the U.S. Productivity of nonfarm workers rose 1.3 percent at a seasonally adjusted annual rate” (1).This quote describes that the farmers are the only ones pulling their weight in America by producing, at a good rate; on the other hand, everybody else is slowing down the process and making the productivity take a dive. There's one hard truth about its impact: Without higher productivity, Americans' standard of living will decay. It measures how your standard of living is going to increase. It won't increase unless you are increasing more output for workers. “IHS U.S. economist Patrick Newport told CBS MoneyWatch.” he says "If you care about your kid and their future, and if you want them to earn more money than you, it matters a lot"(1). People in the United States need to understand this or America is going to be taking a huge step down from other countries, and possibly taking over for the great land we have here. As you can see, productivity is causing the largest threat to the U.S.
In the United States today, the new number one economic problem facing the people is American Productivity. Productivity is the rate at which Americans produce goods and services and being able to exchange value. According to CBS news it said “Even as hiring and the general outlook have improved since the recession, productivity has failed to rebound, prompting Capital Economics to call the issue "the No. 1 economic problem" facing the U.S. Productivity of nonfarm workers rose 1.3 percent at a seasonally adjusted annual rate” (1).This quote describes that the farmers are the only ones pulling their weight in America by producing, at a good rate; on the other hand, everybody else is slowing down the process and making the productivity take a dive. There's one hard truth about its impact: Without higher productivity, Americans' standard of living will decay. It measures how your standard of living is going to increase. It won't increase unless you are increasing more output for workers. “IHS U.S. economist Patrick Newport told CBS MoneyWatch.” he says "If you care about your kid and their future, and if you want them to earn more money than you, it matters a lot"(1). People in the United States need to understand this or America is going to be taking a huge step down from other countries, and possibly taking over for the great land we have here. As you can see, productivity is causing the largest threat to the U.S.