Although the pros are very big there are some cons. Non- fossil fuel energy has a lot of trouble producing the amount that fossil fuels can produce. This means we need to cut down on the amount of energy we use or just build a lot more production facilities. Another downside is that renewable energy relies on weather 90 percent of the time. If there isn 't rain to fill the dam the Hydro generators can 't run.
Crazy Wage Mike Durant once said, “Making it more expensive to create new jobs is a perfect way to guarantee fewer of them.” The recent, “Raise the Wage” campaigns have sparked an interest in many low-wage workers, however those who support this initiative are unaware of the economic problems that will arise if this is successful. Several cities have already raised their minimum wages and some, like Seattle, are raising it as high as $15 per hour. Currently, supporters of this campaign argue that this raise should be implemented federally. However, doing so will have broad and negative financial implications. Ever since the Great Depression, the minimum wage has been in effect — in order to reduce poverty and solidify that employees are paid a reasonable sum.
At the same time, the problem of unemployment also existed. Actually, unemployment remained high in the twenties. Although the government had policies to take income tax in order to balance the income between the rich and the poor, the actual income of the big companies were much more than what they pay for tax. The effort made by government did not help workers effectively. After the Great Depression, the New Deal programs benefited people who suffered from inequality a lot.
Fresh water is valuable and reducing the amount of water in the Lakes wouldn’t help keep our basin remain water rich. In the article, Mideast Facing Chocie Between Crops and Water by Andrew Martin, He says “For decades nations in this region have drained aquifers, sucked the salt from seawater and diverted the mighty Nile to make the deserts bloom. But those projects were so costly and used so much water that it remained far more practical to import food than to produce it. Today, some countries import 90 percent or more of their staples.” The nations that Martin is talking about is the Middle East and North Africa where the people there are suffering between growing more crops or preserving water of what they have
Also, vanilla bean take approximately two years to grow and they are quite expensive. One of main reasons to why Madagascar is so poor is because the government was corrupt and stole money that was given by other countries. Also, mining and fishing does not help with the long term economic growth. The lack of infrastructure mostly roads makes it hard for people to sell their products to customers. Because Madagascar is the one of the poorest countries in the
The minimum wage should not be raised because it would increase the price for the consumer, it could harm the small businesses of America, and it could cause millions of minimum wage workers to be laid off. If the minimum wage were to increase, consumers could see a rise in prices in their products. A majority of minimum wage workers are in a high competitive market, where the companies make smaller profit. In order for companies to
Also took away from the essential market from European and Latin American countries . Many people in these countries lost their jobs , as factories were not able to sell products to the United States , farmers raised their tariffs , and excluding American manufactured , farm products from the foreign market . Wilson Believed in low tariffs , had reduced to increase them and the demand was growing for higher tariffs . The nation Europe had have accumulated huge debts during World War One and borrowed massive amount of money from the United States to buy war goods .Around 1918 the total amount owed to the U.S. was 10 billion dollars . The United States lowered interest rate on loans .Europeans faced difficulties in repaying and the high tariffs in the U.S. prevented Europeans from earning the dollars they needed to pay off the loans
Although the British let wealthy young Indian men study at European colleges, that did not apply to everyone (P 23). Because Britain was taking almost all India jobs, most were poor and had low literacy rates (Doc 9). This is important because once Britain came to India, the highest literacy rates were 16%, but once they left the literacy rates quadrupled in about the same time it took to get 16% average literacy rate (Doc 9). But while the British were here they helped India 's health and life expectancy rate (P 27). Actually, while the British were here they raised the famine deaths by a lot .
Even though the fence along the U.S./Mexico border is already being built, it should not continue being built because it is expensive, hurts the environment, and immigration rates have significantly dropped. With the wall comes its high costs like the cost of materials to build it or the money paid to the workers that are building it. When President Trump was doing the presidential campaign, he predicted the border was going to cost about twelve billion dollars, but that turned out to be untrue. Vanda Felbab-Brown herself writes, "... A Department of Homeland Security (DHS) internal report in February put the cost at $21.6 billion, but that may be a major underestimate.” Most of this is due to the size of the wall and all the fees that come along with building the wall on other territories. You would think that Trump would pay for it all himself but, that is simply not the case.
Businesses could not afford to slow downproduction during the Panic, so they continued to keep their prices high, but the people didn’thave access to the scarce money. Not only were businesses charging high prices, but also thePhiladelphia and Reading Railroad went bankrupt, causing less modes of transportation for work-ers and farmers. In total, over 15,000 companies went bankrupt during the Panic and the unem-ployment was the highest in history.Labor Unions were also created during the Gilded Age, which added to the idea of theGilded Age being truly “gilded”. The American Federation of Labor was one of the first laborunions created in the United States. The AF of L wanted “unionism” and opposed socialism.