Example research essay topic: U S Government Labor Market - 886 words

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HOW DO YOU FEEL ABOUT THE CURRENT ECONOMY IN THE UNITED STATES? I am, as a concerned citizen, would like to receive a comprehensible answer about when the American fiscal policy is going to be brought back to sanity. Our national debt has reached $ 8. 417 trillion in this month, which means that every American carries a burden of government debt of $ 27. 749 dollars, as it is out of our pockets that the government pays its foreign bills. The most fundamental reason why U. S. foreign debt increases every year is the fact that American currency is not backed up by gold, since 1971, and American monetary system is being controlled by private organization - The Federal Reserve.

Since the end of World War 2, the American economic growth relied on stimulation of production by infusions of more and more cash. Every time, when the accumulation of too much of green paper, within the America, would threaten its economy, the U. S. government would simply get rid of it, in form of various foreign grants, like Marshall plan.

But the concept of Globalism is based on the principle of free money circulation. With the American industrial companies moving their production lines to a Third World countries, it becomes increasingly difficult for the government to execute an effective control over American economy. Basically, the principle of Globalism is simple let rich get richer and poor get poorer. In the matter of very short time, there are going to be no people left in this country, who would be willing to work. America will turn into the nation of bureaucrats.

But we have to remember that the bureaucrat has no other goal then enriching himself, even at the expense of next generations being forced to pay for it. It already started happening the government keeps borrowing money, while knowing that some other people would have to deal later with an accumulated debt. The matter would not be quite as bad, if borrowed money were spent on improving the lives of ordinary Americans. Instead, the government simply throws money in the air, by providing aid to God forsaken countries like Haiti, Somalia or Burundi.

Doug Bandow in his article Foreign Waste Disguised as Aid says: In 1996, the UN declared that 70 countries, aid recipients all, were poorer than in 1980. An incredible 43 were worse off than in 1970. Between 1971 and 1994, Haiti received $ 3. 1 billion and Somalia collected $ 6. 2 billion. Both nations ended up in chaos and under U. S. military occupation (Bandow).

According to recent surveys, 80 % of Americans do not want to see the tax money being thrown into the black hole of Africa, or any other hole, for that matter. Why does the U. S. government act contrary to the wishes of majority of people in America?

So what is the situation with unemployment in US for nowadays? According to John Peterson The crisis of unemployment and poverty in America continues to worsen. Despite a nominal increase in jobs in recent weeks, what is not reported is what kind of jobs are being created. Manufacturing jobs, the backbone of any economy, continued to be lost for the 37 th month in a row in October. For the vast majority of Americans, the days of high quality jobs with decent wages, security, and full health and retirement benefits are a thing of the past.

The effect this is having in terms of unemployment, homelessness, and even hunger right here in the US is a devastating indictment of a system which places profits before human need and suffering. (Poverty and Unemployment in America) In spite the fact that percentage of unemployment have fallen from 6. 1 to 6. 0 percents the situation still make a negative impression. The are few factors which must be consider in order to understand the severity of labor problem. Since March 2001 increased the age of working population. People dont want to retire they still want to work and earn money, they are not satisfied with granted pension.

Due to the unusually prolonged loss of jobs many people refrained from actively looking for work and therefore appears the effect of the "missing" labor market on the unemployment rate. The missing labor market then influences badly on the employment picture. Due to the October 2003 the payroll jobs had fallen by 2. 4 million below the level of March 2001. Now we can observe the longest duration of job loss (28 months) and growing percentage of unemployment rate which after adjustment for the "missing" labor force increased to 3. 2 percentage points.

John Peterson states In the year 2002, 1. 7 million Americans slipped below the poverty line, bringing the total to 34. 6 million. Thats an astonishing one in eight of the population. Over 13 million of them are children. In fact, the US has the worst child poverty rate and the worst life expectancy of all the worlds industrialized countries, and the plight of its poor is worsening. [... ] And this in the richest country in the world! (Poverty and Unemployment in America) Bibliography: John Peterson, Poverty and Unemployment in America. < web > Colander D.

C. Macroeconomics / D. C. Colander. 5 th ed. Boston, Mass. : McGraw-Hill/Irwin, 2003

Research essay sample on U S Government Labor Market