On October 24, 1929, also known as ‘Black Thursday’, one of the greatest economic and social crisis in the United States of America begun. On that day more than 12 and half million shares of stock were sold, which was triple the usual amount. Next, over the following 4 days, the stock market prices fell 23 percent. Afterwards, the Americans had to face suffering and obstacles for the next 10 years. In 1933, the unemployment had risen from 3 percent to 25 percent of nation’s workforce and those who were able to keep their jobs faced harsh reductions in wages.
Maybe it does not effect them directly, or they consider it "just a few people losing their jobs. " What do these dropping rates show for themselves? According to economists from the American Action Foundation, raising the minimum wage just one dollar caused 747,700 people to lose their jobs. That is just considering the adults. Teenagers from ages sixteen to nineteen also make up roughly 25% of the workforce.
In 1920 there were around 20 percent, but by 1985 there were around 52 percent worked in industries. Moving from agriculture to industries, helped and increased the states economic structure. In 2013, there is around 23,281,641 people working in Spain between the age 15 and older that are certified that they can work. There is a high employment rate in Spain, but unemployment is one of the main issues that Spain faces until now. Even though there is a decrease of the unemployment rate from 23.78 to 23.37 in 2015, it causes one of the biggest problems in their economy.
However, looking at the history of child labor, it is evident that the incidence of child labor in the world decreased from 25% to 10% between 1960 and 2003, according to the World Bank. Nevertheless, the total number of child laborers remains high, with UNICEF and ILO acknowledging an estimated 250 million children aged 5-17 worldwide who are involved as child labor in 2013. There can be many factors that could have an impact on the child labor reduction; however, one of the factors many scholars believe that has a major influence on child labor in most developing countries is migrants’ remittances. The ongoing growth of migration and its massive levels lead to high levels of remittances.
China's population is ageing. By 2050 more than a quarter of the population will be over 65 years old and young generations will face an extraordinary burden. China now has been moving toward lessening family planning restrictions in recent years because of some factors, including a looming labor crisis. China’s working age population is drastically shrinking. Based on the United Nations projects, China will lose 67 million workers from 2010 to 2030.
However, having have too much of a varied economy and a skilled population to suffer a death blow even if our energy industry continues to contract. Over the past 6 months, Rigs are being shut down and more than 20,000 energy workers in this country have been laid off since crude and natural gas prices started to collapse this past fall. Through this period, the U.S. GDP has continued to grow. the oil and gas extraction sector added nearly $300 billion to the nation's GDP last year, that amount is still less than 2 percent of overall U.S. output and that jobs in the oil and natural gas industry amount to a tiny fraction of total, nonfarm
Almost all the human’s daily activities negatively impact the whole globe, and as the population increases, so does the damage (Duncan). The first cause of overpopulation is the decline in the world's populations death rates. The death rates are only 55.3 million per year; while the birth rates are 131.4 million per year. One could see that the number of deaths is almost half the number of births. However, if we had balanced birth and death rates together; they would cancel out each other.
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Fertility is one of the major components of population growth. The past few decades have witnessed a major decline in world fertility majorly from developed countries, making global and even regional aggregates have widespread diversity in fertility change. In Asia and Latin America fertility declines over the past half century have been very permeating. Between the early 1950s and the early 2000s, the total fertility rate (TFR) dropped from 5.7 to 2.4 births per woman in Asia and from 5.9 to 2.3 births per woman in Latin America. In these regions just a few nations still have fertility rates higher than four births per woman (Bongaarts, 2011).
However, a study on the construction workers noted that the pay gap has been declining continuously over the last 30 years (Joshi et al., 2007; Harkness, 2005). For full-time employment, the gap at the lower end of the pay distribution has declined more rapidly than at other parts of the distribution. However, these positive changes are accompanied by some which are less positive. It should be noted that the decline has been confined to the full-time pay gap. The part-time pay gap (part-time women v full-time men) has been fairly constant.
It caused the American manufacturers a great deal of troubles as domestic products have gradually lost their competitiveness with each passing year. On the other hand, due to the wide disparity of labor costs between the US and Mexico, large numbers of US manufacturing facilities relocated to Mexico in the hope of saving costs. Hence, in 1997 three years after the enactment of NAFTA, the US has lost more than 400,000 jobs which was described as a “trade debacle” . Also last year, according to the American largest labor union, the AFL-CIO, the NAFTA deal led to “an exodus of at least 700,000 jobs” , which almost doubled the record from 17 years ago.
Homelessness declined by nearly 4 percent between 2012 and 2013, and by 9 percent since 2007. Between 2007 and 2013, unsheltered homelessness declined by 23 percent and by 7 percent from 2012 to 2013 alone. This information shows that not only is homelessness declining, but unsheltered homelessness as well. This is due to the rising of helpful corporations such as Care Corpse. Homelessness has fallen due to the amazing help of corporations like Care Corpse.
The data, as reported by the Bureau of Census in 2012, is in agreement with the trend stated above. According to the study, roughly 9.1% of geriatrics live in poverty, whereas 21.8% of 18-64 year olds live in poverty (2012 census figure 5). In the past five decades, the rate of poverty in those 65+ has decreased a massive 26.1%. The favorable consequences of Medicare are undeniable and amidst the concern for the elderly, there was a growing awareness regarding civil rights issues of the
The gender pay gap has been a prevalent issue for several decades. The phrase “gender pay gap” simply means the difference in men’s and women’s median earnings. Although many feel this problem was eradicated years ago, it still affects many workers across the U.S. today. A study done is 2013 found that women on average were only paid 78 percent of what men were paid, a gap of 22 percent (U.S. Census Bureau, 2013). This issue obviously still exists, but there has been trouble diagnosing why exactly it continues to occur.
In agreement with The Sentencing Project (2004), there has been a 500% increase over the past forty years; leading to overcrowding and concerns regarding inmates and correctional officer’s safety. According to the Bureau of Justice Statistics (2015), prison population has increased an average of 1.8% from 2004 to 2013 with a recent decrease of 2.5% into 2014. The federal prison population decreased by over five-thousand inmates from 2013 to 2014. Over half of the prison population was serving time for drug offenses in 2014. The estimated one million prisoners in 2014 represent the smallest total prison population since 2005.