The happy news is that the American economy is producing more jobs and the unemployment rate is continuing to fall. The less happy news is that, in the words of economist Gary Burtless, this is happening "at a heartbreakingly slow pace." This is how the article starts. According to Burtless, employer survey show that payroll have been rising about 190,000 a month, fast enough that we would expect unemployment to fall. However, the article states that it would take about 5 or 6 years to reach unemployment. Futurists envisioned a world where the wealth produced by an economy required few laborers. The truth is that in the plant today, the rich are richer and everyone else is living with less.

Weather disruptions and rising energy expenses have increased grain costs at record high. Current supplies may be ample to start unrest caused by the high food prices. With droughts in the Soviet Union and weak monsoon rains in India, corn and soybean prices last month exceeded records. It is said that U.S consumers might need to pay 3 to 4 percent more on food next year because of the effect droughts have on store shelves. Places such as the middle east and North Sub-Saharan Africa are at a great risk since most of their products are imported. Because of this supply shock, there is a negative shift along the supply line as supplies are becoming more expensive. With the addition of governmental intervention such as taxes, firms will have a much lower profit this year on grain supplies.Also there will be less products for the firms to sell. Not only does this affect firms but as stated before, the world should be ready for a food price increase in the coming year.

Becuase of weather changes, there is a scarcity issue in the amount of food that his growing around the world. In economic terms, this means that the supply curve has shifted to the left created a new Equilibrium point. Because of this, the price has increased as the good is more scarce and of course, the supply has decreased. This means that the demand for the good has decreased and consumers have to ration their food even more. Because of this change in supply, there are less resources on the market so because of this scarcity issue, the prices have to go up so that producers get some sort of income. Unfortunately, this means that the consumers have little or no marginal benefit as the price increases. The demand for the good is still high as everyone wants to be able to buy good but unfortunately the price is too high and consumers are not able to buy the product. The marginal benefit decreases for both the consumer and the producer.

MUMBAI Aug 21 (Reuters) - Indian sugar futures fell nearly 2 percent on Tuesday on slow demand and additional supply of non-levy sugar, though a likely rise in demand next month because of religious festivals have limited the downside. Because of a few slow days in the sugar market, India's profit on sugar has decreased which means that sugar prices should drop in the coming days as the demand law states. Although a contributing factor, next month's festival, has limited the downside. With the demand decreased, there was a shift in the demand chart but because of future events which will occur, sugar prices will come back up in the coming days which means that the left shift which occurred these couple of days will pump back to the right because if this contributing factor. Because of this occasion the prices on sugar most likely will increase because of the higher demand of sugar during the Ganesh festival.