Although they changed from being pure copper to copper coated zinc and is smaller, they cost two cents to make each. With billions being made each year, it leeches money from our economy. Although so many exist only half are currently in circulation. "Two percent of Americans admitted to regularly throwing pennies in the garbage, which means the U.S. Mint is spending millions to make garbage"(Arnold). When the penny was first established, it was worth more than it is today.
Despite this, the U.S. Mint keeps churning out a billion pennies a month.” The complete waste of time and money spent producing these pennies just to be forgotten in the couch cushions is astounding. If every penny is 1.8 cents to produce than the government is giving away 800 million USD every single year. The same article says, “...10 million new useless items punched out by government workers who could be more usefully employed tracking counterfeiters.” In other words, the government isn’t only wasting money on penny production but, also a working staff. U.S. currency could be more protected if it wasn’t for the pesky penny. To sum up, if people took the time to research how the penny was affecting us as a nation we could be closer to the
For many years people have been fighting to eliminate pennies for many reasons. One of the most popular reasons to eliminate pennies is that pennies cost more to produce than the actual worth of the penny. “The united States government lost $60.2 million on production and distribution of pennies in 2011,” (Sommer) wrote, source #1. (Sommer) also wrote that Each zinc and copper coin cost 2.41 cents to produce and distribute”. Meanwhile a penny is only worth 1 cent.
Although individual products had shown evidence of drastic increases, they were incapable of meeting the overall goal that Stalin had set. Due to this unrealistic goal setting, the developments of industrial output were largely failure because they did meet their planned amounts. Historian Michael Kort also notes the difference between the planned output of cast iron and the actual production. Only 6.2 million metric tons of cast iron were actually produced in 1932 compared to the desired amount of 17 million (Khlevniuk). The actual production of cast iron by the declared end of the First Five-Year plan was not even close to the planned amount.
(“10 Critical Pros And Cons Of Illegal Immigration” ). The number of immigrants that do not pay their taxes is too limited for it to be considered a burden to our economy. Most of them also do not even receive back their taxes, they just pay them. The cost of deporting all of them would be too immense. There are millions of undocumented immigrants living in the U.S.A., it would be almost impossible to deport every single one of them.
This cycle is proven in not only developing countries, but in the U.S as well. If you were to look at a community with high dropout rates you’d see lower socioeconomics and high crime rates. Except in Africa the problem is magnified, one of every three children never attend school; therefore, there is widespread illiteracy, poverty and crime. Because of it’s the terrible education system it creates a population of unskilled and unqualified workers. Simple jobs like nurses or electricians can’t be filled because no one has knowledge of those subject, which causes poor health care and infrastructure in the country.
Behind the glamorous image advertisement and marketing of high-priced sporting goods around the world, Nike also is a sweatshop that violates the rights and interests of workers such as unreasonable low wages and overtime work. According to the news reported by Mail Online in 2011, Nike workers in Indonesia only earn about U.S. $ 0.5 an hour and they are not allowed to sick leave. The workers also verbally abused as pigs and dogs (Mail Online, 2011). Based on the news, it is shown that Nike is not an ethical fashion and it profiteered by exploiting labors. The most expensive commodity in the Nike official website is Nike Mercurial Superfly V CR7 FG Firm-Ground Soccer Cleat which costs U.S. $325.
The political factors which I would be explaining are Tax policy and Internet. Political Environmental Factors Apple Stakeholders Tax policy Apple can be influenced by this specific political factor in UK and in China, because this business pays more tax in one country which is China and slightly less in the other country which is UK. This shows if the levels of tax increase or decreases then this business would still be making less profit because Apple generates around $70,000 in profit every 60 seconds which shows that Apple pays 21% in UK and in China it pays 25% tax where it loses out most of the profits by paying different taxes also Apple is the largest taxpayer in the world where it has paid over $20billion in the past few years. Government would be behind the decision of increasing or decreasing the rate of tax because they would aim to develop the economy by increasing the rate of tax. If the rate increases then
In America during 1978, the average male worker earned $48,000. In contrast, the average member of the one percent earned $390,000, or eight times more. By 2010, male US worker’s wages from the middle-classes had declined to $33,000 whilst the 1 percent earned $1.1 million, or 33 times as much. As the wealthy experience this cumulative income, middle classes’ wages stagnate or weaken. Revenues and benefits go to the wealthy at the expense of everyone else.
As stated by the Office of National Statistics (2014), half of the big companies in the UK use a total of 1.4million on zero-hour contract. Also 2% of the UK workforces are on zero-hour contract which represents 583,000 people. Furthermore, zero-hour contracts are most commonly used during economic recessions, during these period 16 to 24 year olds on these contract are two times more their initial number, for the reason that companies will need to avoid permanent workers in order to reduce their risk of failing during economic