Ambition, interest, land hunger, pride, the mere joy of fighting, whatever it may be, we are animated by a new sensation.” This is implying that we wanted to show this new strength through expansion. It’s a prime example of manifest destiny and it was in that nation’s best interest to do so. Next, there is a speech from Albert J. Beveridge in 1898. In it, Beveridge says, “Today our industrial society is congested; there are more workers than there is work; there is more capital than there is investment. .
The second example of unequal distribution of income in the US is inequality between income of college graduators and non-college graduators. American company the Rating agency Standard & Poor’s (S&P) describes greater educational levels as a main means to increase productivity, arguing that if workforce in America completed another one more year of school in coming next five years’ time period, productivity profits would be able to add more than $500 billion, which is equal to the 2.4% of GDP (Frizell, 2014). It can be seen from this data that higher educational level means higher payments for labour. The difference between US social classes’ incomes can be an example for that. According to 2009 data the people with professional degrees
Their efforts to expand trade routes through long distance markets created a system of new production and export demands. These changes brought long-term transformations to society that brought the medieval times into a modern era. This new type of manufacturing system, which were controlled by independent classes, created a crucial division of labor and capital. Gains were mostly contributed to the
Due to the Europe refusal to admit that the Benin people wasn’t barbaric at all , since they could create such high quality of art, they made them self believe that they reached an conclusion , by conclude that the Benin world was in contact with a civilization that suddenly disappeared. Moreover, they were justifying the invasion by claiming that they would bring humanity and peace upon a backwards and barbaric
For example, Shermer discusses “The Progress Paradox” by Gregg Easterbook which claims that “over the last 50 years, standards of living have risen dramatically”. This is also followed by a warrant in which Shermer states that in “The 1950[‘s] gross domestic product per capita,computed in 1996 dollars, was only $11,087, compared with the 2000 figure of $34,365. And more people are moving up the economic hierarchy. Way up. In 2000, 1 in 4 Americans earned at least $75,000 a year, putting them in the upper middle class, compared with 1890, when only 1% earned the equivalent of that figure.
The economic logic behind protectionist immigration agendas is that an increased population increases the labor supply and stops there. In this scenario, the equilibrium wage rate of labor supply and labor demand would be lower than the pre-immigration equilibrium wage rate, and the logic holds. Instead, separating scenario from real-world application would present previously unaccounted for effects. Being so, what actually occurs is as follows. As before, as the population increases with immigration, the labor supply would also increase, but the increased population would also lead to increased consumer spending and demand (i.e.
But the one of the more important benefits in my opinion is that the children of college graduates are healthier and more prepared for school. Children aged 2 to 5 years old in households headed by college graduates have a 6% obesity rate compared to 14% for children in households headed by high school graduates. College graduates have lower crime rates and better health and better citizenship. 43% of college graduates did volunteer work compared to 19% of high schoolers and 27% in all the adults in general. 9% of College graduates donated blood in 2005 and 6% of high school students donated blood.
Does the acquisition make strategic and financial sense? Provide a concise explanation in support of your assessment. (250 words max) Ans 2) Microsoft must have valued LinkedIn over $26 billion. This is more than 8 times the LinkedIn revenue of last 12 months ( $3.2 billion).The ratio is ~5 times Trailing twelve months for public companies on market places shows that price paid/valued by Microsoft is premium. However it is important to note that this is the best time for Microsoft to purchase LinkedIn (as the market cap is 60% of what it was compared to last year and it reached lowest in February 2016).There are half a billion users whose professional data and behavior is up for sale and Microsoft gets it in the right time.
Migration is a process of moving from one place to another. Nowadays, people migrate because of social, environmental and political factors as well as for economic and cultural purposes. Through migration, economic growth can be sustained, job vacancies can be filled and immigrants bring innovation. But every action we take has negative consequences and these are: migrants may be exploited, there may be integration difficulties, increase in population and workers will work for low pay because this will allow their employers to ignore their productivity. It is clear that immigration can be economically beneficial for both countries of origin and host countries.
Neoclassical Theory of Migration One of the oldest and most commonly used theory used to explain migration is the Neoclassical theory of Migration. Neoclassical Theory (Sjaastad 1962; Todaro 1969) proposes that international migration is connected to the global supply and demand for labor. Nations with scarce labor supply and high demand will have high wages that attract immigrants from nations with a surplus of labor. The main assumption of neoclassical theory of migration is led by the push factors which cause person to leave and the pull forces which draw them to come to that nation. The Neoclassical theory states that the major cause of migration is different pay and access to jobs even though it looks at other factors contributing to the departure, the essential position is taken by individual higher wages benefit element.