Many were out of a job, and others experienced pay cuts and reduced hours. The Great Depression affected the economy in the United States and throughout the world by businesses reducing their goods and services by half the amount of the 1920s or they went bankrupt. Europe could not buy American goods or pay America its debts, which Caused unemployment to rise. People during the Great Depression could not afford rent or food because there were no jobs so they lived in shacks.
After the great depression and the crash of 2008, the number of homeless people has risen. Luckily, during recent times, the rate of homelessness has decreased. However, the economy is still deeply affected by homelessness through housing and sheltering projects and medical issues. These costs a lot of money and negatively affects the economy. Homelessness has existed since the beginning of civilization, usually because a lot of people at the time are too poor to buy a house.
In other words, the older the individual, the higher chance of becoming poor. Across OECD countries, the elderly poverty rate is 11.2 and 14.7 for age group of 66 to 75 and over 75 years consecutively. The oldest-old, the elderly of age 80 and above are the most likely to be suffered from poverty because hey are less capable of working than the other old age (United Nations, 2015). Another striking point is that the oldest-old, the most vulnerable group, is growing at a faster pace than the overall old age group. This shocking fact has raised a concern for the government to prevent the severe old age poverty.
Japan is currently facing three main challenges in the economy. Weak growth, Deflation and Public finances. 1. Weak growth Over the past two decades, weak growth was caused in part, to structural problem. After 1990s, Japan’s GDP growth has been sluggish compared to other major world economies.
After the New Deal was implemented, unemployment rates were gradually lowered. In document E we were shown that the percentage of unemployed Americans went down consistently every year after these new programs were put into effect. Most notably, in 1936 the unemployment rate went down to 9.9% were the year before it was at 14.2%. Many people argue that these programs did not effectively lower unemployment rates for African Americans and other minorities, but we have to take into account the prejudice of the time. Even though these minorities didn’t get as many chances and as much help as white Americans did, their unemployment rate (at almost 50% before the New Deal) still went down by almost half (Encyclopedia.com).
We live in the environment that rapidly changes, internally and externally. It is important for the businesses to adapt to these changes in order to survive. Otherwise, they face the issue eventual disappearance from the market as they are no longer valid nor demanded. However, changes can create numerous problems. The main issue of the decision to introduce change in the business organization, is that the employees are often resist the change, due to lack of knowledge about it, as well as fear of the unknown.
5. Unemployment This leads me to my next point – the high unemployment rate among Roma. With 40% of Romani children never attending or not finishing elementary school and 50% having acquired only primary education , the chances of finding a good, stable job are very slim. They mostly find work in the agriculture, manufacturing, construction or the informal sector. In 2011 only 19.35% from all the Roma were employed, compared to nearly 80% in the 80s .
In the age of rapid technological growth, many of the elderly generation are unable to keep pace with the market movement. They mainly stick to the archaic pattern of working and the differences in age within an organization has led to discrimination in a working environment. For instance, if the manager of an organization is young and other workers being old, there becomes a strong gap between the acceptance of an understanding or the overall work
The reason that the population is shrinking like this is because it is expensive to raise a child in Korea. It takes an abundance of money to raise one single child in South Korea while providing protection, shelter, and other basic necessities. However, a solution to this problem is that the government could give parents a tax cut or a tax decrease if they have more than two children. The South Korean government could reward money to families of low income(under $32,500 or 37,511,500₩) for the number of babies they have in their household. The South Korean government could give families with over two children a 1.5% tax discount for each child.
At that time South Korea counted one of the poorest countries in the world. Then in June 25, 1950 beginning the Korean war between north and south Korea. This war and japansian colonisim seriously affect the Korean economy it suffer many problem like infrastructure, malnutrition, landlordism, education, safe drinking water. In 1960 Korea GNP is only 82 $. One out five people survive less than 1$ a day, One out of four people do not have access safe drinking water, One out of four people suffer from malnutrition and they have not much resources to improve their economy development.