Whenever you are doing transactions online or in-store, are you tired of forgetting your credit card somewhere, or being asked to provide your Zip Code or three-digit secure code at the back of your credit card, well say hello to easy, secure, and worldwide transactional means called cryptocurrency that avoid all this. The technologies of cryptocurrency have a major capacity and potential in changing how we do transactions drastically. Even though, the word cryptocurrency start to come to light recently,...
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Income inequality has been a growing issue within the U.S. for decades. People are becoming increasingly richer while the poor somehow becomes poorer. People are starting to see polarization and communities are becoming increasingly divided. Many would think if this was an ongoing issue, then why is this widening gap continuing to increase? First, it is important to understand what economic inequality means; economic inequality is defined as the difference in wealth split between groups within society. This ongoing issue...
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The digital economy in world creates efficiency and is beneficial to connect the whole world within a single framework. It is also termed a new economy. The digital economy was first coined by a Japanese professor at the end of 1990. The digital economy is termed because digital technologies help the economy by providing several inclusive opportunities. The broad scope of the digital economy includes sustainable growth for economics and it provides several facilities like e-commerce platforms, industry procurement, implementation...
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Employer-employee relationships are controlled by a number of rules known as employment legislation. Discrimination, legal working ages, and safe working conditions are some of the issues covered by employment legislation. Employment code violations are typically treated as legal matters and are resolved by civil courts or disciplinary proceedings. Many complications and disputes could occur in an employer-employee relationship if there were no regulations. Workers are the ones that are most likely to be handled in an illegal or unfair way....
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One of Sicilyās prominent filmmakers, Giuseppe Tornatore, transcended the Italian film industry by breaking the conventional, stereotypical and ordinary. On the 17th of November 1988, Cinema Paradiso was released and it is a product of his creativity that helped the Italian cinema to its peak. The film follows the life story of a notable film director Salvatore di Vita who received news of the unfortunate demise of someone close to him. It takes the audience back to his childhood in...
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My take on the Presidential Election of 2020 will have to go to Bernie Sanders. Sanders was born on September 8th, 1941, in Brooklyn, New York. He attended Brooklyn College before earning his Political science bachelorās degree in 1964 from the University of Chicago. He was first drawn into electoral politics upon becoming active in the anti-Vietnam War movement. In 1972,1976 and 1986, he had unsuccessful attempts to run as governor of Vermont independently. He then ran for the mayorship...
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This week, the city council will be voting on whether to increase the minimum wage in our city to $15. It is reported that some workers are making as little as $7/hour or $9/hour in our city. As a council member, before I make a decision on whether to vote for the minimum wage increase or not, it is important to me to examine the issue from an economic perspective and not only an emotional one. The common arguments surrounding...
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Issues Employees Employees are vastly affected by the changes in the minimum wage. This is because what they earn has a drastic effect on their living such as choices in financial expenses. Through the perspective of the employees, the standard economic model of supply and demand suggests that the higher the wages for a job are, the more of the workforce is willing to work the job thus increasing supply (McGuinness, Freebairn and Mavromaras 2008). Therefore, the conclusion can be...
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Black and White Flashbacks: Looking Our Racist in the Eye In the film, American History X, he portrays the profound message of how prejudice and hatred can change people and bring them closer together. Shows how āhate is baggage and lifeās too short to be pissed off all the time.ā Although hard to watch the film American History X, the realism of the movie sends a powerful message of hatred and violence. Derek who had joined the neo-Nazi movement soon...
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Minimum wage: Labor wage or welfare regulator? Minimum fee: criteria for approving The criterion for approving a minimum wage is what the economic measure is for a troglodyte for an unqualified labor force, the basis for prestige for approving a troglodyte for a qualification is labor force and, before that, a goldmine for pay for a worker in the same sector is considered sotsialnata podrshka for financial support for the family. The criterion for a minimal fee, the sergeant, what...
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Abstract Using our knowledge and research of wage and hour laws to study minimum wage, law monitoring, statistics on entry leveled citizens and the labor economy: Locating the opportunities and obstacles between minimum wage laws, it will be determined on the occasion that minimum wage laws should or should not be abolished. The unique ways that companies and states have determined their wage with āliving wageā has been adopted and financial, economic, and social consequences have been present. Statistics have...
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Ever wonder why jeans have that little 5th pocket? Well, originally it was for a pocket watch. But it became known as a coin pocket for many decades. This will be hard to believe but there was a time, before cell phones, when these physical phones were placed in public places like street corners, schools, and restaurants and thatās how people keep in touch when they were away from home. Anyway, these phones took coins to make phone calls. It...
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General Purpose:Ā To persuade Specific Purpose:Ā To convince my audience that raising the minimum wage is not a good idea. Central Idea:Ā Increasing the minimum wage is not beneficial to the economy. Introduction I. Lately a popular source of debate has been the topic of minimum wage. Although there are many who will argue raising the minimum wage will be beneficial to those who are suffering from poverty, there are many statistics and facts that prove otherwise. II. Raising the...
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Democrats introduced a bill last month to gradually raise the federal minimum wage to $15 per hour by 2024. The new House Democratic majority sees this as an attempt to live low-wage workers and boost the economy. and focus on policy priorities. If implemented, this bill will significantly affect the lives of many college-aged students in the workforce, as workers under age 25 represent almost 50% of all minimum wage earners, according to the Bureau of Labor Statistics. With the...
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The minimum wage is the least amount of payment an employer is required to pay his or her employee. It is paid after completing a number of tasks the employer gives his or her employee. It can be hourly, daily, weekly, or monthly as per the contract agreement between the two parties. Minimum wage refers to the binding nature of minimum wages, despite the strategy of fixing them. Minimum wages may be set by statute, call of a competent authority,...
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I would place Barack Obama under Socialism because he wanted to revive the economy, fix the social security systems, public education better, fight climate change, stop the American military involvement in the Iraq war, and make healthcare affordable. Obamacare which is the āPatient Protection and Affordable Care Act makes individuals access to healthcare who decided to sign-up. This made it so then all the medical stuff was made cheaper and easier to get help.Ā Obama cared deeply about the environment...
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The United States has varied opinions on the question of the minimum wage at both federal and state levels. Legislatures and workers are all keen on the decade-long quest to have wages raised. Significant amounts of workers prefer wages as high as $15 per hour (twice the wage floor of $7.5 per hour). Such a wage floor help regulate the labor market, giving workers and employers a fairground for operation. Without a minimum wage, employers may take advantage of employees,...
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Globalization refers to the socialization, interaction, cooperation, communication, and engagement among organizations, governments, and individuals at the global level. Advancement in communication, transportation, and technology has helped to make globalization a realization where humans engage in real-time transactions, socialization, meetings, treaties, and engagement among others despite having disparate geographical locations. According to Pietro, Girsberger, and Vuille (n.d.), there are four main drivers of globalization: trade, migration, the spread of technology, and foreign investments. The realization of globalization has turned the...
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The feeling of the word āretirementā attracts alleviation to a specific measure of individuals who cut some slack at their 8-hour shifts. A few of us may see ourselves unwinding with our preferred magazine, while others anticipate a lot of anticipated travels investigating through the globe. To summarize, we can say that retirement is essentially a better piece of life, where assets are sufficient and practically all objectives are accomplished. To make it considerably less difficult, the financial market offers...
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The more highly people endorse materialistic values, the more they experience unpleasant emotions, depression, and anxiety. The novel āThe Pearlā, written by John Steinbeck in 1944, follows an allegory that poignantly and succinctly teaches the reader about the negative consequences of materialism. āThe Pearlā is about a Mexican Indian pearl diver named Kino who finds a valuable pearl and is transformed by the evil it attracts. When the townsfolk of La Paz learn of Kinoās find, he is immediately set...
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Before I start my essay, I would like to introduce some abbreviations and special proper noun that appears in my essay. The first one is OECD. OECD is the abbreviation of the Organization for Economic Co-operation and Development. It is an intergovernmental economic organization with 36 member countries, promoting economic growth and world trade. The second one is the Gini coefficient, which stands for the inequality level, for example, the level of income. The Gini coefficient of zero is expressed...
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Milton Friedman, former presidential advisor, Nobel prize winner, and coauthor of Income from Independent Professional Practice, was a world-renowned economist, well known and respected throughout the economic community for prominent advocation of free markets in society. In Friedmanās video āThere Is No Such Thing as a Free Lunchā, Friedman discusses many popular political aphorisms, as well as one particular aphorism that he helped popularize with the title of his book, published in 1975, āThereās No Such Thing as a Free...
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The value of small businesses is often underestimated because they are small. But in fact, this absolutely does not mean that they have little influence. Small businesses have a huge impact not only on the national economy but also on the economy of their communities. Small businesses are as unique and individual as their owners and span a variety of industries. They fuel the American dream and allow people to pursue their passion. Small businesses also enable people to achieve...
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When America declared independence from Great Britain, the Founding Fathers made it clear that they never wanted any American citizen to experience the tyranny that they felt again. One way they planned to do this was the separation of church and state. Under this theory, the government would not support any one religion, which would promote religious freedom in the new country. The separation of church and state remains in the Constitution to this day, but many argue whether or...
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This essay will discuss the health inequality income and its impact on an individualās physical and mental health. I will go into discuss stresses due to poverty and underprovided areas negative impact on the body and mind, as well as the lack of adequate health care for poorer communities. Definitions and common causes will be discussed, and examples will be provided. This essay will then go on to describe a policy that aims to address the impact of health inequalities...
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I thoroughly believe I encompass a strong, representative example of the free enterprise spirit. The free enterprise economy adequately provides me with opportunities for involvement in work and the community. Free enterprise is private resources owned, and competitiveness will thrive economically with minimal government intervention. In many respects, I value my personal freedom from the choices I make in the economy to the choices I make in the election. The possible rewards of a free enterprise in many respects provide...
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Have you ever followed a trend? Are you a materialistic person? Do you use materials and objects, such as money, phones, car, and luxurious items to receive happiness? Everyone at one point in their lives would have desired to want something or wanted to be like the people around them. For example, to feel better, to look better, to convey a status symbol whether it may be TikTok, AirPods, or property. Materialism is when a person is so assigned to...
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A survey done by the CDC during the Covid-19 recession shows that 40 percent of Americans are now grappling with at least one mental health or drug-related problem. Recessions are periods of time when economic activity declines, as well as the mental health of the general population, particularly among those who have lost their jobs. Unemployment rates rise during recessions, GDP drops, the spending habits of individuals change, and fiscal or monetary policies are enacted by the government. The Great...
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Introduction In his thought-provoking essay, “Some Lessons from the Assembly Line,” Andrew Braaksma offers a candid and insightful account of his summer working on an assembly line. Through his personal experiences and astute observations, Braaksma sheds light on the dehumanizing nature of factory work and its impact on the human spirit. This literary analysis will examine the key themes and rhetorical strategies employed by Braaksma to convey the harsh realities of the assembly line, highlighting the importance of recognizing the...
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Introduction John D. Rockefeller, the founder of the Standard Oil Company, was one of the most influential figures in American business history. His business practices and immense wealth have sparked debates regarding whether he should be labeled a “Robber Baron” or a “Captain of Industry.” This essay aims to synthesize different perspectives on Rockefeller’s legacy, analyzing his achievements, business practices, philanthropy, and impact on society. By examining contrasting viewpoints, we can gain a comprehensive understanding of Rockefeller’s complex role in...
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