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S C

The Enduring Consequences of Unemployment - NYTimes.com - 0 views

economix.blogs.nytimes.com/...g-consequences-of-unemployment

consequences unemployment nytimes

shared by S C on 17 Jan 13 - No Cached
  • People who lose jobs, even if they eventually find new ones, suffer lasting damage to their earnings potential, their health and the prospects of their children
  • workers who lost jobs during the recession of the early 1980s were making 20 percent less than their peers two decades later
  • Losing a job also is literally bad for your health
  • ...6 more annotations...
  • worker laid off at age 40 could expect to die at least a year sooner than his peers.
  • when parents lose jobs. The study followed the earnings of 39,000 Canadian fathers and sons over 30 years beginning in the late 1970s. The study found the sons of men who lost their jobs eventually earned about 9 percent less than the sons of otherwise comparable workers
  • each day without work is a day without income, a drain on savings, an increased chance of default on debts
  • people who can’t find work become more likely as time marches on to suffer from depression and other health problems
  • there is some evidence that unemployment itself makes it harder to find new work, because unused knowledge and skills tend to atrophy
  • study found that unemployed people gradually lost the ability to read
  • S C on 17 Jan 13
     
    Unemployment itself has negative effects on people besides the obvious ones of having less money. People are more likely to become depressed, less likely to retain learned skills and it may even affect their children's earnings.
Rohan Zahur

Teacher Bashing: The Inequality Psychology | Inequality.org - 1 views

inequality.org/-bashing-inequality-psychology

inequality

shared by Rohan Zahur on 22 Nov 12 - No Cached
  • Rohan Zahur on 22 Nov 12
     
    Q1: What would be your solution to this inequality? Would it really affect people(help teachers; students; any consequences)? Q2: Would your choice be efficient to the state? What would be opportunity costs for your solution?
  • Dyena Huynh on 22 Nov 12
     
    1. my solution to this inequality would be to increase taxes on the wealthy and decrease for the poor and focus the use of taxes more on public schools because that's where it's needed most. Since the problem isn't really about the taxes, it's the rich people themselves and their attitude toward public services so there should be a policy where rich have to support at most, public schools. 2. Yes my choice would be efficient because this way you can at least reduce the wealth gap between the wealthy and poor. The main opportunity cost for my solution is paying more taxes but for a better result in education and basic necessities needed in schools for students to be educated properly.
A SN

Tom Thorne's ejournal: Economic stagnation in US means whoever wins the US Presidential... - 1 views

tomthorneejournal.blogspot.ca/...ation-in-us-means-whoever.html

Stagnate Economic Growth

shared by A SN on 28 Nov 12 - No Cached
  • The real threat to Canada is not who is in the White House but what they do about the mounting US Government debt now at $16 Trillion plus. To this point there is no will apparent to cooperate for a solution.
  • The real threat to Canada is not who is in the White House but what they do about the mounting US Government debt now at $16 Trillion plus. To this point there is no will apparent to cooperate for a solution.
  • The real threat to Canada is not who is in the White House but what they do about the mounting US Government debt now at $16 Trillion plus. To this point there is no will apparent to cooperate for a solution.
    • A SN
      A SN on 28 Nov 12
       
      Represents the real threat to Canada; USA's economic stagnation
  • ...8 more annotations...
  • The real threat to Canada is not who is in the White House but what they do about the mounting US Government debt now at $16 Trillion plus. To this point there is no will apparent to cooperate for a solution.
  • If the US literally prints its way out of its economic mess, the mess will be compounded. 
    • A SN
      A SN on 28 Nov 12
       
      Problems caused by overprinting money
  • Such an action is guaranteed to create inflation and a rise in interest rates charged to service the debt and also generally for business and lenders of all kinds.
  • Lenders will want more interest to cover the risk of carrying US Government debt loads expressed in diluted valued bonds and currency.
    • A SN
      A SN on 28 Nov 12
       
      The proves that the USA is in really bad debt.
  • Serious debt reduction is needed in the US Congress and Administration.  And there is very little wiggle room to cut US government expenditures. However failure to do so will mean in the middle range of time that the US will become more and more an economic lightweight and hence its world presence will be diminished. That is bad for Canada.
    • A SN
      A SN on 28 Nov 12
       
      If USA falls into a deeper economic stagnation Canada will be widely affected.
  • The US is making itself militarily and financially vulnerable. Canada, no matter how well we manage our financial affairs, will be forced into the same situation as our major trading partner.
    • A SN
      A SN on 28 Nov 12
       
      The US is losing it influence throughout the world. This is a problem.
  • It will be tougher for Canada to retain our natural resources.  Potential deals like the Chinese State taking over Nexen in our oil sands, will become more likely if we want to maintain our own economic performance independent of a financially errant US.
    • A SN
      A SN on 28 Nov 12
       
      problems caused by USA economic stagnation.
  • It really is time for the United States Government and its politicians to bite the economic bullet. Failure to do so means a downsizing of the United State’s influence on the world stage and that can only mean that Canada will need a more independent economic policy as China grows in influence. In short the lack of action on the economic front by our major trading partner is taking us more to Europe and into the arms of the Chinese Government’s hegemony.
    • A SN
      A SN on 28 Nov 12
       
      The consequences if the USA does not change.
  • A SN on 28 Nov 12
     
    Questions: 1. Do you think that eventually Canada will have no choice but to sell its natural resources to the other world powers? Can this be a good change? 2. Canada and the USA share a lot of history and do a lot of activities together, do you think that being financially independent will make us rely less on the US ?
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