This shocking fact has raised a concern for the government to prevent the severe old age poverty. The situation of old age poverty of South Korea is at its worst. The old age poverty contributes the highest in the total population poverty. In 2000, the elderly poverty rate is 3 times higher than the non-elderly group (Lee & Lee, 2009). Also, income-poverty ratio is the highest in the household led by those aged 60 and above (World Bank, 2014).
To get capital for the production of the hats, Daymond convinced his mom to mortgage their house for $100,000. He also worked full time at Red Lobster and worked on FUBU between shifts to make ends meet. Building FUBU was not without challenges. Between 1989 and 1992, they had to close down 3 times as the company ran out of money. In 1992, they made a huge order of hats and sold them on the streets, making $800.
Hong Kong’s income inequality is the 2nd worst (only to New York). 10 percent of the population makes an average of HK$2,560 ($327.50/monthly). The cost for housing, and a large part of the reason why population density is so high is also a major problem. With a median income of $300,000HKD (~$38,380/USD) the median home price runs to $5,422,000 (~$693,660/USD) making home ownership a dream for most. So what do people do to cope with these conditions?
Underemployment is a student with high skills but low paying jobs, a trend we see often with younger people. Accenture’s report they found that that 51% of college graduates in 2016 feel underemployed, 10 percent higher than what it was just 3 years ago. It’s becoming increasingly more difficult to find jobs these days, as Education Editor Richard Garner explains in the article leading employers prefer value work experience among graduates over grades, says new research, 58% of employers rated work experience as the most important qualification when seeking for employees, while student personality came in second with 48%. Public Report Host Artonique Nelson agrees with this statement in the article Viewpoint: 4 reasons your college GPA won't matter once you graduate, insisting that employers just wants to hire someone who can get the job done instead of someone with little experience, as it would mean them having to stay near them to help them get into the system rather than doing their own work, slowing things down even further. Because of this, they are forced to take jobs not related to their career, or really of really low payment, in order to obtain any kind of experience at all.
People who find themselves in public housing are often the people who are mostly disadvantaged compared to others to lead a normal life and be self-sufficient. The real unemployment rate in the United States reached the all-time high in the past few decades, up to 14.5 percent, and is up to 19 percent among the young adults (Smith 2). Smith notes that young adults, ages 18 to 24, make up 26 percent of homeless families (1). During the economic downturns, the competition for available jobs becomes high which causes overqualified candidates to occupy lower-level jobs that become unavailable to persons looking to change their situation. On the other hand, many individuals and families are using the existing housing subsidy to maintain their status quo and not worry about giving up the subsidy.
Today, over 44 million Americans hold a total of $1.4 trillion in student debt”(Hess). In contemporary society, “74 percent of employers say they plan to hire college graduates this year, according to Annual CareerBuilder Survey”(Nikravan). Big companies hire more college graduates, hence, people have no choice but to obtain a college education and get a higher chance of achieving the American Dream, meaning more college debt in the future, which leads to hindrance of achieving the American
College has been proven to be effective, and even shown to have been working in the united states for over 100 years. For these reasons, college should be free, for it would help so many individuals, communities, and the economy. Lastly, the level of debt that has begun to take claim to the lives of the American people is a huge problem. Among these reasons, the debt each student accumulates is the most important issue to fix for them. The first major issue with the current state of college tuition is that it is just too expensive for a large portion of the american population.
1) Watch: The Shrinking Middle Class: Coping with Loss and Defining the Middle Class (summarize, what 's your opinion?) Studies show that 85% of respondents would agree that it is harder to live in the middle class today than it was in the past. Family income for the entire middle class has been gradually dropping since 1950s all the way to present time. In order to fix this economic problem according to the opinions of Mark Levine, a Pacifica Radio Host, is to raise the taxes on the rich instead of making the poor pay more. On the other hand, Mike Lane, of Intelephant Strategies, wants energy independence that creates jobs both in energy creation and in manufacturing and also citizens to support small businesses.
Moreover, young people aged 18 to 34 have struggled with double-digit unemployment. Some people believe that the rising of college unemployment due to lack of employment opportunities. Even though the job market for new college graduates is better than it has been in recent years, there is still a vast amount of unemployment and underemployment among college graduates. Many people think that a degree diploma is easy to get a