Essays on Economic Issues

Rwanda is one the poorest countries of the world: its HPI-1 is of the 44,5%. The causes of economic weakness are to be found in the distance from the sea, in the economic dependence on the export of tea and coffee and in the precarious...

Income inequality in the United States has increased in recent years. Many people were concerned about the fact that some people’s income is incredibly large, while others are so small that they can hardly pay for basic things. It led to many protest movements against...

ABSTRACT In this study, we will consider the second oil crisis in 1978. First, we will briefly address the first oil crisis, and then we will examine the causes of the first oil crisis from the first crisis to the second crisis. In this study,...

Oil has been around for over decades, dating well back to the late 1870s when the first oil well was ever drilled in Titusville, Pennsylvania. It has consistently been in high demand around the world ever since, and its price continues to rise to this...

During the long 1970s, there was a lack of confidence in the general public in the government in the United States. Many events led to this situation, including the government lying about the Vietnam war, racial problems like busing and watergate, etc changed the perception...

The times during which Adam Smith lived and published his remarkable works, The Theory of Moral Sentiments (TMS) and The Wealth of Nations (WN), were very divided on philosophical, political and economic grounds. Interestingly, the sixth and last edition of TMS was published in 1790,...

There is a very delicate balance that needs to be upheld in order to prevent the US economy from collapsing completely. The country’s massive debt is a possibly fatal factor that could offset the fragile balance and plunge the nation into chaos. We need change...

How could you expect everyone to achieve the same goal without everyone having the same necessities needed to accomplish it? It would be the equivalent of expecting a fish to climb a tree the same way a squirrel is able to. Many people set high,...

On July 18, 2019, the house of Representatives finally passed a bill to raise the minimum wage for Americans. The bill calls for a gradual increase in the minimum wage in the United States to $15 by 2025, and will phase out the minimum tip...

Malaysian employees support government for minimum wage policy. The implement start first time in 2014, second time July-2016 and third time starting from January-2019. The implementation of minimum wage seems to impact in different view for employees and employer. This minimum wage expected to have...

Malaysian Government had implement minimum wages order of RM1100. This salary adjustment for both Peninsular Malaysia and Sabah & Sarawak. The main objective behind this policy proposed by Bank Negara Malaysia is to reduce unbalanced income among the people. Employees from lower income group mostly...

Homelessness is a complex social issue with an abundance of different contributory factors. People can become homeless due to economic hardships, and unfortunate personal issues. The cycle of homelessness can be triggered by a multitude of things such as “job loss or unexpected bills that...

The three laws that are related to employee’s rights that I found are Minimum Wage, Health Coverage, and Social Security Benefits. Minimum Wage started in 1938 by the US labor law and local law. Minimum wage starts at 7.25 per hour usually people make that...

Poverty is a situation wherein human beings aren’t able to afford basic needs. Its definition is short and sweet, but its implications are vast and complex. President Kennedy’s inaugural remarks remind us that “The challenge of global poverty is not new.” Historically, poverty has been...

Poverty remains to be one of the most challenging issues the world continues to face. “Poverty is a global problem, with more than 3 billion people—almost half the world’s population—living on less than $2.50 a day” (Issue Overview: Poverty, Global). Poverty rates have decreased over...

In Ontario, the government increased the minimum wage from $11.6 to $14 per hour which led to some controversial discussions among people. Meanwhile, some similar policies are published by many provinces and states in Canada and America as well. According to the analysis of the...

Minimum wage has been a rising issue in the past decades, since many individuals in our nation started to question its effectiveness as a strategy to reduce poverty. To determine the validity of the usage of the minimum wage policy, there is a need to...

From various countries in the world even down to the United States, The discussion of minimum wage has been a big subject of debate. Low-wage workers find it necessary to raise minimum wage to ensure livable income. The best way to improve the economy of the...

“What is poverty?” by Jo Goodwin Parker may be a denotative interpretation of poverty. UN agency the poor area unit and the way the society’s stereotype is injustice. Parker with success describes the poor people’s issues and also the purpose of read that society has...