Losing Jobs to Other Countries
An industrial economy is one where a large part of the activity happens in manufacturing. Service economy is like part of the economy where companies provide services to people and then they don’t make products. For example, education, health insurance , and financial service.Technology economy is making and selling technology like
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computers, phones, etc. America's economy is a mix of those. For two out of the three, we rely on workers that we can pay a small amount to get a lot done. Mainly those jobs go to immigrants. Also our economy can get better or worse depending on the stock market so sometimes other countries can get way ahead of us.
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Income Gap
The graph above shows the income gap in the United States from 1967 to 2009. The income gap is the differences in the wealth and income of different groups. One of the reasons that the gap is growing so much is because technology is replacing jobs in the lower class and making more money for big business owners.
Working Women
In the United States, 47 percent of the labor force is made up of women, and 58.6 percent of women 16 and above work. I think while it's good that more women can work now, some parts of it are still unfair. We don't have pay equality (paying equal amounts for women who do the same job as men). Our economy favors men - women get paid 9% less than men on average. The Paycheck Fairness Act was made to change this, which would make sure that employers pay their employees based on actual performance, not their gender. Unfortunately it hasn't been passed and Republicans haven't given a reason as to why they oppose it.