Recent orders
Unemployment And Inflation In The United States
Unemployment And Inflation In The United States
Introduction
Basic economic principles have played an immense role in guiding economic policies both at the national and state level. This is especially with regard to unemployment and its relationship with inflation. Needless to say, unemployment has been one of the most fundamental issues in the country. Indeed, it comes up as one of the hottest topics even in the political arena. Scholars have always come up with explanations for the relationship between inflation and unemployment. More often than not, unemployment is associated with the actions of the national government without proper examination on the dynamics within the specific industries. These are the dynamics that are examined in the article “Unemployment and Inflation in the United States” by Alexander Koscinch.
In July 2011, the national unemployment rate reduced by a meager 0.1% after an additional 117,000 new jobs, taking the rate to 9.1%. Every new vacancy gets at least three applications for employment, with hardworking individuals finding it extremely difficult to retain their jobs as lay-offs increase by the day (Koscinch, 2011). Alexander blames the increased unemployment rate to market failure stating that in instances where business entities are unable to sell their products they are forced to reduce expenditure, lay off workers, as well as reduce production to ensure sustainability (Koscinch, 2011). On the same note, an increase in the wages and salaries results in an increase in the cost of production, which results in an increase in cost of the product. In essence, Alexander underlines the importance of keeping inflation low so as to increase economic growth, noting that the price of products increase when the dollar value is depreciated by the inflation.
While quite a number of brilliant ideas are espoused in the article, it is imperative that the relationships underlined and the solutions put forward are examined. First, Alexander is right on the fact that the price of products goes high in instances where the dollar value is depreciated by inflation. However, questions arise as to whether the solution rests on keeping the inflation low.
The relationship between inflation and unemployment was explained using the Philips curve. This theory underlines the notion that an increase in the number of people who are working would result in an increase in the national output, resulting in an increase in the wages. This means that customers would have more disposable income, in which case there would be an increase in demand for goods and services (Cobham, 2010). Consequently, there would be an increase in the price of goods and services. In essence, the Phillips curve indicated that inflation and unemployment have an inverse relationship where an increase in inflation resulted in a decrease in unemployment and vice versa (Cobham, 2010). It is worth noting that the two fundamental objectives of economic policy makers remains keeping both unemployment and inflation low. This means that policy makers must carry out a tradeoff between the two variables (Cobham, 2010). A large number of policies that are used in lowering unemployment such as those used in recessions come with the risk of increasing the inflation level. Policies aimed at lowering inflation, on the other hand, would potentially increase the rate of unemployment, for example the adjustment of the national interest rate. A reduction in interest rate results in expansion of businesses, causing more employees to be hired and resulting in increased money supply and inflation (Cobham, 2010). In essence, it is imperative that policy makers determine the appropriate inflation rate that would keep unemployment rate at a minimum.
References
Koscinch, A (2011). Unemployment and Inflation in the United States. Examiner.com retrieved HYPERLINK “http://www.examiner.com/article/unemployment-and-inflation-the-united-states” http://www.examiner.com/article/unemployment-and-inflation-the-united-states
Cobham, D. P. (2010). Twenty years of inflation targeting: Lessons learned and future prospects. New York: Cambridge University Press.
Undocumented immigrants
Migration
Name
Institution
Migration
Undocumented immigrants refer to individuals who have moved to other countries without authorization. They do not have legal documentation to move and live in those countries. Most of undocumented immigrants have moved to countries that seem more promising in economic status and offer ‘better’ life for them and their families. Rigid immigration laws and lack of funds to fulfill all the requirements are some of the factors that push people to migrate illegally. In the United States, there has been a debate on the legalization of undocumented immigrants, especially those who have lived in the country for a long time. There are calls to allow them to legalize their status thereby allowing them access the benefits available to the citizens and permanent residents. This includes minimum pay in jobs and better access to facilities.
In the CNN article, ‘Now’s the time’ to move on immigration, Obama says,’ addresses the issue of overhauling the U.S immigration laws to replace the previous ones. The article discusses the introduction of a framework for overhauling the immigration system that would provide an eventual path to nationality for a majority of the over 11 million undocumented immigrants who are currently settled in America (Cohen, Lothian & Yellin, 2013). This provides undocumented immigrants who are already within the country with an opportunity to become legal citizens. Obama stated that, in order for the undocumented immigrants to earn citizenship, the must first pass a background check, pay a penalty, learn English and get to the back of the line or behind the list of the immigrants who are attempting to get to America legally (Cohen, Lothian & Yellin, 2013). However, the move has been opposed by various factions, especially the conservatives, within the government hence may not be implemented in a timely manner. There are issues that call for better enforcement of the current immigration laws instead of introducing new ones. The insight provides legal issues that surround the undocumented immigrants and the ways in which the government is trying to help them acquire legal status. The government is trying to provide a way for hard working undocumented immigrants to progress to citizenship (Cohen, Lothian & Yellin, 2013). Dealing with the issue of immigration will contribute to economic growth of the country as they pay taxes and other rates that permanent residents and citizens are obligated to pay.
The perspective of the CNN article is on the different opinions concerning the introduction of a new framework to provide pathways to citizenship for the undocumented immigrants. Those who are for the new laws would like the illegal immigrants to be able to get citizenship through following the steps set by the government while those in the opposite side are against the provision of ‘amnesty’ for the undocumented immigrants. The text, on the other hand, explores the reasons why individuals migrate to the United States without proper documents and the kinds of jobs they are employed in once they get into the country. It shows that they face challenges as they can only get jobs that other people, who are legally there, do not want. The two articles have a similar view that Americans are generally confused on whether illegal immigrants hurt or help their economy and hence are not able to fully support laws enabling them legalize their status. This topic is interesting because it has been the subject of recent debates and the new laws have yet to be passed. It provides insight on the issues and challenges that are facing the undocumented immigrants as well as the reasons why the new framework is facing opposition. Once the new laws are passed, they will provide an opportunity for the undocumented immigrants to legalize their status and acquire provisional legal status as they do this (Cohen, Lothian & Yellin, 2013).
References
Cohen, T., Lothian, D. & Yellin, J. (2013), Now’s the Time’ to Move on Immigration, Obama says. Retrieved from http://edition.cnn.com/2013/01/29/politics/immigration-reform
Discuss your strengths, areas for improvement, and where you see yourself in 6 months, 1 year.
Discuss your strengths, areas for improvement, and where you see yourself in 6 months, 1 year.
I tend to think that I can handle any situation on my own. This is effective in some circumstances, but frequently I require assistance from others to get beyond obstacles that are out of my grasp. I’ve worked on teaching myself to pause before launching into problem-solving mode and to recognize individuals or groups that might be helpful for me. Due to my tendency toward perfection, I sometimes take too long on a project’s intricacies, endangering deadlines. I’m still making an effort to be conscious of how my actions impact my team and management. I now know how to strike a balance between perfect and excellent. In 6months, I am hoping to have acquired the needed skills and experience with different clients. I will practice working as a team to ensure that the client needs and rights are upheld. In one year, I will try to find independence by starting a behavioral clinic of my own. With the experience I gained during employment, I am hoping to have attracted clients who like my work and are willing to work with me independently. This will be my stepping stone to owning a large behavioral organization that will help young children with autism disorder.
Briefly explain one specific example of how you plan to support a caseload of diverse clients.
I will work efficiently to ensure that all clients feel at home with me irrespective of their diverse backgrounds. First, I will try to gain as much knowledge as possible from research and co-workers on the different available diverse clients. I will educate myself and also motivate the people I am working with on the client’s background so as to create a good environment for the client. I will set policies that promote client diversity and revise them when need be. I will provide vocational training; translators and equipment which will help uphold diversity. I will also engage in programs that help in understanding diversity based on race, gender, age, disability and socioeconomic backgrounds.