Since 1990, the world has reduced the number of people who live in extreme poverty by over half. But that still leaves 767 million people living on the edge of survival with less than $1.90 a day.2 One dollar and ninety cents a day, that is way less than what minimum wage is in the U.S., per hour. So many people go with that $1.90 a day, that couldn’t buy you a nourishing meal. Many countries have this problem, which is horrible. I learned that many people think that the appearance is all that country
The nation's financial aid system currently fails to provide an equal opportunity to everyone qualified. with high amounts of student loan debts has been shown to reduce a person's chances of owning a home, getting married, having children, and accumulating wealth. The earnings for a full time minimum wage worker is $15,080 at the federal minimum wage of $7.25. Full-time work means working 2,080 hours each year, which is 40 hours each week. A better educated population could result in smarter decision making at every level of society, which could lead to
You my tell me that the minimum wage is strict but even when educated people like us are taken advantage then what is the condition of the poor people out there. They are not aware of many laws and totally fooled b their employers everyday. c) A new pair of Nike shoe may cost you $125. But the worker who put his effort and bloodshed in making the product will be getting only a dollar of it. Your shoe price is his monthly wage.
Minimum wage helpful or disastrous for Americans Did you know that millions of minimum wage workers cannot make enough money to be over or at the poverty line level and are actually a lot more below it instead? There have been many issues on the topic of increasing the minimum wage from ten to fifteen dollars because it can cause inexperienced workers having a tough time getting or looking for jobs, families not being able to live on the minimum wage the way it stands now, and businesses not being able to create more jobs to hire more workers. For instance, an author named David Neumark believes that the effects of the minimum wage have a major issue that increasing minimum wage can reduce the numbers of jobs and pretty much screw over workers
For example, the U.S. government loses over 116 million dollars each year and the number keeps rising as more immigrants come in. The government loses this money because since the illegal immigrants don 't pay any type of taxes and put themselves into many welfare programs. When an immigrant puts himself or herself into a welfare plan, the government will pay them a certain amount of money each month, but the immigrants take advantage of these welfare programs by putting themselves into multiple programs at once and the government doesn 't get any of the money back since the immigrants don 't pay taxes. When these immigrants are deported it costs over $10,854 and each year over 3.2 billion is spent. Most of the world
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
Moreover, this uneven distribution of wealth has contributed enormously to increased poverty and deprivation in the US. In fact, 1 in 7 Americans today experience hunger and 16 million children live in poverty. Additionally, too great economic inequality prevents the economy from growing. In view of middle-class worker’s reduction or stagnation in salaries, they have less disposable income to spend. Thus, businesses suffer and must cut costs, which inevitably leads to even more reduced revenues for
Thanks to big companies like amazon, you can order items from all across the world and pay very little extra and still receive them in usually under a week. According to “How fast could you travel across the U.S. in the 1800s?” traveling just a few states could take up to six weeks while traveling around the world took several months. The cost of traveling was much more expensive after calculating inflation and you could not buy supplies
The origin behind all of this is a lack of a student loan amount cap. Overall, this issue affects most people living in our world today and must be fixed for our generation and generations to come. Over the span of many years, the world’s jobs have expanded to millions upon millions. Due to this rapid expansion of job growth this has caused education to be expanded in to different fields and degrees. Some jobs require a degree that is harder to earn in an
Unfortunately, this is one of the worst results of the industrial revolution, but also a good turning point in history. Company owners needed to find employees to work for them for cheap and with hard working skills. The factory owners did not provide safe environments for their workers and often overworked them to the point of utter exhaustion (History.com). "The overworking does not apply to children only; the adults are also overworked. The increased speed given to machinery within the last thirty years, has, in very many instances, doubled the labour of both" states the author John Fielden, in his book called "The Curse of the Factory System."