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Brennan H

The geography of joblessness - 0 views

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    A study from the Brookings Institution, a think-tank, finds that poverty in America has become more concentrated over the past decade. During the 2000s the number of neighborhoods with poverty rates of 40% or more climbed by three-quarters. Poverty is rising in the suburbs however, and it might be because of inaccessability to good jobs - not the other way around. People cannot find jobs and although USA is 5% unemployed, inner cities and specifically black communities have a 40% unemployment rate. People are trying to get work too, there just isn't a supply of enough jobs - personally I think this is due to outsourcing, if everything just stayed in the USA then we would have thousands of more jobs available. The problem at hand is a falling in availability of jobs, along with an increased population and people searching for jobs. Due to companies trying to make more money, we have outsourced most of our available jobs in elastic goods to other countries. In this way we have ruined the economy for ourselves, or at least big companies have. Inelastic products do not have this same issue, yet they still outsource because they are greedy. Pretty crazy to think about. Perhaps if everything cost a bit more money, and we weren't allowed to outsource, then the PED would go down and people would pay more for goods because they would have more money to spend due to increase in number of workers.
Tutar A

How Scarcity Leads to Spending - 2 views

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    This article is about if economic uncertainty make you save more - or spend more. It suggests how the answer may depend on your childhood experience and explains why poverty can sometimes be difficult to escape.
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    This article, by The Time, is considered with the idea that whether economic uncertainty make you spend more or not. The author directly suggests that it depends on the childhood experiences that you went through. Therefore, the article shows how two experiments proved that poverty is hard to escape. The participants in the experiments were forced to make 20 decisions which include a decision between recieving $30 right now or $41$ later. They later proved that poor ones take the money immediately where as the rich ones take the money after.
Chung H

Affordable housing in California - 1 views

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    This article talks about how scarce affordable housing is in California. It talks about how a certain Apartment block with 160 apartments received 4000+ applicants, how to reduce the problem, and the reasons for the problem in the first place.
Onipko O

Why scarcity leads to bad decisions - 0 views

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    This article about scarcity explain the effects of scarcity on people's economic choices.
Jack L

Supply-Side - 0 views

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    This article explores how the use of supply side policy has not helped improve poverty rates.
Weisman K

Water Wars - 0 views

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    This article speaks of a pressing issue I have been following for the last few years. The affect that water depletion is having and will have if we do not stop bottling companies as well as find new ways to conserve water.
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