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This article speaks about a trending topic her in the US which is that of increasing the minimum wage from $7.50 to $9.00 or just around that. This would be a step in the right direction because it would increase the nation's overall per capita salary. What is also interesting is that the minimum wage in the united states is not adjusted to the rate of annual inflation (3%), only ten states are the wages adjusted. The bill in congress would include after a certain time that the wages start to be adjusted with inflation annually.

This article takes about the Reserve Bank has turned to a growth. The author explains how the aggregated demand (even not visible) isn't the main factor.

This article is fairly recent and introduced me to another way of measuring economic growth in industries. the IIP stands for the Index for Industrial Production and it is discussed in the article that this value has corresponded to what has been expected, a negative number that is close to zero. This however is because there are many factors that are affecting aggregate supply, such as wage price inflation and the increase in land, a factor of production. However the author doesnt seem to be too worried about aggregate supply, rather He is worried that aggregate demand is on its way down.

This article talks about an increase in wages in India and that land prices is a key factor in wage changes. Also they are talking about a reserve bank, how it turned to grow and essential role of aggregate demand in it operating.

This article shows how the fastest rising jobs are receiving pay that is lower than the average salary. This is interesting because the aggregate supply talks about the decrease in wages and prices.

This article talked about the life of Chinese factory workers. Despite the harsh working conditions, the workers don't strike. This reminded me of demand in many different ways. 1) The demand for food will always be high because it is essential to life. The price that these people have to pay is working past the legal hours, living in unfavorable conditions, and working in unsafe factory floors. 2) The high demand for cheap products increases the demand for workers who are willing to work for under the minimum wage. This article taught me the relation between the price of a product and the wage of a worker.

The article is talking about the federal government which has shut down today because of an impasse over the budge and in two weeks, the nation is set to hit its borrowing limit.The major problem in the articles is that there is an oversupply of global labor, an oversupply of global productive capacity and an oversupply of global capital. The jobs created low wages and part time. Growth in domestic manufacturing is still slow which will prevent the development of a country in their own production and prevent the large amount of profit they will get as a result of the domestic production.Business spending has fallen, rents of the houses falling where home prices have increased. The reason why its hard to get out from the rut is because they are no longer faced with a world in which supply-side economic remedies, easy money, reduced taxation, fiscal belt-tightening and deregulation can spur new capacity and the creation of well-paying private sector jobs.Countries that were recently poor find themselves with huge surpluses and sovereign wealth funds. The rich countries of the world, while still rich, struggle with monumental levels of debt, both private and public, and unsettling questions about whether they can compete globally.Also to clear this mess,developed nations need to put the huge surplus of underemployed workers back to work by any means, including big public sector investments to improve infrastructure and competitiveness.Moreover, a new economic multilateral ism with the developing world, to encourage them to re balance their economics away from savings and toward consumption, while we in the West must curb our addiction to credit and consumption is necessary.

The article is a really interesting article that explains an interesting fact about how the employment level change in developing and developed nations. It is interesting that in developed nations the unemployment level is more than developing nations. It should be the opposite because developed nations are developed in every way but developing countries are not fully developed yet they still have a lot of improvements they have to achieve as a country politically and especially economically. The average unemployment rate in OECD countries was 6.7%. During the nineties, the average unemployment rate was 7.7% in UK, 9.3% in Canada, 11.7% in Finland and 11.3% in Ireland.The countries such as UK, Finland and Ireland has lower employment rates when you compare with India which was 6-7%. But if developing countries have close to full employment why do they have greater economic misery and lower GDPs you may ask? The answer to this puzzle of full employment, yet low GDP and greater economic misery, is not quite straightforward. In developing countries is that most of them have few programmes to provide relief to the unemployed. the people in developing countries do not have the luxury to remain unemployed.They take whatever jobs they get. Most European countries are welfare states with generous unemployment insurance programmes. During recession, many people in European countries do not find it worthwhile to work at minimum wage. They accept jobs that pay less or they accept jobs in the informal market, with lower or no benefits and little protection.

This article is very fascinating, it is about miners protesting for larger wages and from this, the effect of their actions which have now made the cost for platinum higher.

I found this article interesting, as an american, because it really puts things into perspective. The author writes that the average household in 1988 made just over $51,000 dollars a year in income, while even today, that average has stayed the same. This can mean to things, either the average wages just have not increased with inflation of the last 37 years, or that there are even more people then there were in 1988 who are forced to take lower paying jobs. When looking at it from the outside, it sounds like the standard of living seems to be diminishing, as the so-called "middle class" is evaporating into thin air, as is said in this article.

This article states that "the federal government [of the United States] redistributes less income than it used to." It also states that there are "a variety of indirect ways" to redistribute income, an example of which is minimum wage.

The article talks about India it was firmly committed to the establishment of a free trade area in south Asia but emphasised that a review of several tariff and non-tariff barriers was necessary to augment formal trade in the region."We are firmly committed towards the establishment of a free trade area in south Asia. The region has a large potential common market and a large skilled low-wage workforce," Minister of State for External Affairs Digvijay Singh said here.There were several tariff and non-tariff barriers to trade in the region which should be reviewed to augment formal trade within the region.