Tuesday, December 17, 2013
School systems in communism, socialism, and capitalism differ and relate in a number of ways. In a communistic school they provide equal rights to every student and equal pay to every district depending on their needs. The "higher authority" determines the path and the classes of the students, so even though a child may want to pursue a career in a field that isn't their strong point they don't have that choice. In a capitalistic system their schools are almost entirely based off of competition and personal wealth. If you are born into money you have great opportunities to get into a nice school and college and connections in the wealthy business world. If you are born into a poor family you can work yourself up to pay for schooling, but it is a ton of dedication to hard work. You are most likely to be put into the labor force still, since you don't have the background or connections to get the high office jobs. In a socialistic school community you get equal opportunity to go to school like a communistic system, but you also have a chance of getting into a private school like a capitalistic system.
Monday, December 9, 2013
Raising minimum wage by almost doubling what it is now seems ridiculous to me. It would barely affect big corporations, but it would almost wipe out the idea of small business and teenagers getting jobs. "Attempts to simply mandate that businesses pay more, through increased minimum wages or living wage laws, as well as attempts to mandate employee benefits like health insurance, primarily result in fewer jobs. (Source D)" College students would be screwed over because they wouldn't be able to get a job before college and it would be very difficult to get a job in college. "Most Republicans will oppose it, on the grounds that higher labor costs will lead to higher unemployment. (Source C)” Looking at my future I wouldn't see a problem with raising the minimum wage a dollar or two, but trying to double it basically cancels any job I would like to acquire in the near future. "Mall employers, farmers, lots of occupations are exempt from the minimum wage. The last time we raised the minimum wage the percentage earning less than the minimum wage rose to 4.2 percent of the wage and salary workers - three million. (Source B)"I vote for not raising the minimum wage to fifteen dollars from seven fifty an hour. "Doing something that will raise unemployment isn't going to help poverty. People who can't get work at 5.15 an hour aren't going to find work at 7.25 an hour. (Source B)" "Indeed, evidence of employment losses goes all the way back to 1938 and first federally imposed minimum wage. The U.S. Department of Labor concluded that that first 25-cent minimum wage resulted in the loss of 30,000 to 50,000 jobs, or 10 to 13 percent of the 300,000 workers affected by the increase. (Source A)"
Source A- http://p.washingtontimes.com/news/2013/mar/15/house-defeats-minimum-wage-increase/
Source B- http://www.npr.org/templates/story/story.php?storyId=5626506
Source C- http://thegazette.com/daily-conversations/whats-the-best-argument-for-or-against-raising-the-federal-minimum-wage/
Source D- http://www.cato.org/blog/raising-minimum-wage-not-answer
Source A- http://p.washingtontimes.com/news/2013/mar/15/house-defeats-minimum-wage-increase/
Source B- http://www.npr.org/templates/story/story.php?storyId=5626506
Source C- http://thegazette.com/daily-conversations/whats-the-best-argument-for-or-against-raising-the-federal-minimum-wage/
Source D- http://www.cato.org/blog/raising-minimum-wage-not-answer
Wednesday, December 4, 2013
A stock is a partial ownership of a company or corporation where you invest x amount of dollars and depending on the company's performance you can gain or lose money from your investment. With stocks you help the company pay for their costs and in turn you put faith in them that you will not only get your investment money back, but gain a profit. At the end of a year the company gets their annual gross profit and generally they will divide that profit among their shareholders, and depending on how much stock you invested, that determines what percentage of profit you are liable to (known as a dividend). In a trade you buy any number of stocks for a short amount of time planning that they are going to rise in value. It's basically a short term investment. Usually people buy a trade before a catalyst, which is an event that will generally increase the stocks value, and then they sell afterwards gaining a profit.
Monday, December 2, 2013
$.16 per cup
Variables: weather, mood of people walking by, number of people walking by
Constant: price of lemons, sugar, cups, and ice cubes
Perishables: ice cubes, lemons, sugar
Out of this game I got that I am never buying or going to try to maintain a lemonade stand. When I am old and have kids I will let them try it, but I'm not going to encourage it for a future career. Don't put future students through this torture.
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