Friday, March 9, 2012
This article is about the far-reaching influence of Apple, job-wise. The company only directly hires around 47000 people, but jobs still go further than that. People have to design the iPads and iPhones, design apps, deliver the technology to where it needs to go, perhaps even build the trucks for the company. Including all the jobs that people have done for the company, Apple reported that the company had created 514000 jobs. It is difficult to see how accurate this number is, as there are so many factors that come into play. Accurate or not, even if the company really only created 200000 jobs, that is still a lot. A company like Apple has a big influence, as they have so many things that need to be done, going from designing to delivery.
The current employment rate seems to be declining, and the economy seems to be getting better. I remember that back in the Great Depression, how people out of work would rely on public service to get some sort of income. Even though we are not in bad times now, people are still out of work, and those people suffer just as much as all those people did back in the Great Depression. Other than Apple's 47000 hired jobs and perhaps a few more, the rest are all jobs that anyone could take on. Perhaps people out of work do not need to be totally jobless, and can take on little jobs here and there for a company like Apple, and get at least a little income for themselves.
Wednesday, March 7, 2012
Tuesday, March 6, 2012
When people saw all of the voided checks, foreclosures, and lack of retirement benefits in 2008, people became scared and with good reason. People were slowly losing their jobs because the economy could no longer support the job market. With a lack of money, many people found themselves living modestly. The hospitality industry hit rock bottom. People just weren't spending their income in hotels, on vacations, or in restaurants because, frankly, they no longer had the disposable income that they had previously. This just further increased the trouble America was in. Not only was there less money in the bank and in people's pockets, but there was significantly less money circulating in the economy. This creates a terribly debilitating condition that fosters high unemployment.
The real question here is why is the hospitality industry making a rebound? Four years later, with more money in the average American's pocket, people are starting to spend again. Americans have lost their fear of losing money in the stock market and less people are worried about losing their job. Unfortunately, a lot of this is psychological. People feel that it is safe to spend money again. However, unemployment still hovers around a lofty 10 percent.
My solution is to circulate more money by reducing taxes and putting more money in people's pockets. I honestly think that the economy will benefit more if people are not reprimanded for making more money with higher progressive taxes. On the other hand, we have trillions of dollars in debt to worry about. I still advocate a laissez faire economy. The hospitality industry is a benchmark industry that directly relates to how consumers are doing. If the economy is doing well, the money in the hospitality industry goes up, while it will decrease if the economy fails. I see a brighter future in the coming years, as predetermined by the recent rebound of the hospitality industry.
Monday, March 5, 2012
Friday, March 2, 2012
This article is about a book, “Mindless Eating”, by Brian Wansink. Wansink does various food-related experiments, deducing many different conclusions and uncovering reasons for why mindless eating tends to occur. One experiment was giving moviegoers stale popcorn. The main factor that affected the amount eaten, however, wasn’t the fact that the popcorn was stale, but rather the amount of popcorn that was presented. Those offered much bigger buckets ate as much as 53% more popcorn than those given smaller portions. Rather than focus on how hungry we are, we let factors like how much food is in front of us determine how much we eat.One way to limit how much we eat is to immediately limit the amount of food that is put in front of us. For example, if one is eating out and ordered a huge meal, immediately getting a take-out box and putting half the portion in will dramatically decrease how much you would eat that night. The article gives a parallel example of Bush’s pension law, giving companies incentive to automatically sign up for 401K plans, meaning that a little of their salary would be set aside for retirement. Those that didn’t opt out ended up saving a lot more. So, whether a decision is dealing with one’s retirement or what they will eat for lunch that day, the presentation of the decision makes a really big difference on what is eventually chosen.
A new field of economics, behavioral economics, explains why people act the way they do, and end up not doing what they really want to. Getting things done is about doing them, not merely thinking about doing them, and if the void between thinking about doing things and actually doing them can be filled, many people would have breakthroughs in decision-making in different areas of their life.
On the flip side, one can use presentation to their benefit. I personally believe that people should look at the true value of something, how it can really be beneficial, instead of only basing their judgements on what they see with their eyes. However, when selling a product, or promoting something, although it won’t completely sell it for someone, what people see makes a big difference in their decision. Good appearance and publicity can reap many economic benefits.
Thursday, March 1, 2012
Wednesday, February 29, 2012
Tuesday, February 28, 2012
If you think about the current job market, it is a really scary place. The market is highly competitive for a variety of reasons. People have to get higher education (aka College) to have a shot at getting a decent job. However, there are two major flaws to Obama's educational aspirations. Where does all of this money come from and why would a burger flipper at McDonald's need an expensive college education?
In my humble opinion, college has, and will continue to be a place for people that are aspiring to do great things. As the job market insists on having the best workers, college can continue to increase their premiums because it has become a necessity instead of a luxury. If colleges increase their tuitions, then how is the average Joe going to afford it? The only way college students from low income backgrounds can afford college is through governmental assistance programs, which are a luxury of living in a capitalistic society. However, government assistance can only go so far before it becomes overbearing and ridiculous. Where does that 'line in the sand' lie? Who knows? One thing is for sure; if Obama believes education will solve all problems, he will have a long list of donations from the federal government to make, a list that will never cease to expand the current debt of the US economy.
Monday, February 27, 2012
Friday, February 24, 2012
Thursday, February 23, 2012
This article talks about the annoyances of going to a necessary government office - the DMV. People may think that the government may be unnecessary because the free market renders it so, but most probably because of the inconvenient experiences one has to deal with. The United States is a mixed economy system. Government intervention is included for a reason. The government helps regulate helps the weak that can not produce, and has some other benefits. However, can’t these government interventions be made pleasant for people? Rather than merely doing something that has to be done, workers at a DMV should be more welcoming to people. The government needs to interfere, that is understood. But shouldn’t these interferences be made the most beneficial for people? Government intervention helps the country as a whole, but can help people individually on a daily basis, as well.
Wednesday, February 22, 2012
Tuesday, February 21, 2012
Another interesting factor is the fact that the housing market has declined in the past years. We are currently on the cusp of a rise in real estate, but not yet. Many retirees, who planned to sell their house for a profit, now have to sit on the piece of property to wait for the home to turn profitable again. This puts the housing market in a bad place as well. Without considering the consequences, I thought retiring was just a typical practice. Now, it has become more of a luxury. In harsh economic times, it is easy to overlook the elderly people because of technological innovation and new sciences; however, we need to put our brains together to find out how to solve the retirement issue. Is it a problem for the federal government to address, or is it more a change in attitude? Only time and more paychecks will tell.
Monday, February 20, 2012
Friday, February 17, 2012
Places like New York have the highest living costs. One reason, of course, is scarcity. The demand for living space in this area is so high because of the nice views and other benefits there are. How to increase the amount of living space in the city? This article talks about combining bridges, or highways, and incorporating other aspects to them so that they can be used for more than one thing. This also relates to maximum efficiency in a way, because something is being used to the best of its ability. Why just use a bridge or highway to merely go from one place to another? What if, in New York, more apartments were built underneath bridges? Architects nowadays can design masterful plans to make this idea feasible. Those that lived in them would still get a great view and those types of benefits. Adding these would increase the amount of living space, helping the fact that good places are scarce. It also uses the bridge or highway to its full potential, as a bridge or highway can do more than just get people from place to place. It does not only have to stop at adding apartments, things like shops and restaurants can be added as well. A mere highway could suddenly turn into a large metropolis area and reap other economic benefits as well.
Thursday, February 16, 2012
Wednesday, February 15, 2012
Tuesday, February 14, 2012
After the stock market crash in 2008, home buying has decreased significantly. People stopped buying and started renovating. However, over the past year, homeowners are becoming a little less cautious and are starting to invest in the housing market again, but at what cost? People have started a trend to buy smaller, cheaper houses that are more energy efficient. Average housing sizes have decreased, but the amenities have increased. People are expecting new homes with great insulation, energy efficient appliances, and new windows. While everyone's next though would be solar panels, the technology is still too expensive for consumers to demand and the companies to supply. Basically, builders are supplying the needs of their homebuyers by giving amenities without a significant price increase. How will this affect the expectations of homeowners?
In my opinion, smaller, efficient housing is most likely the best thing for our planet. Older homes are hurting the environment more than they are helping and homeowners are starting to realize this. The housing market is rebounding quickly. Who knows what's next? The main concern with the new housing market is the higher expectations for a cheaper price. Builders are losing their profit margins with more cautious buyers. Hopefully, the building industry will continue their environmentally friendly trend into the future, but at what cost?
Monday, February 13, 2012
Friday, February 10, 2012
Thursday, February 9, 2012
Wednesday, February 8, 2012
Tuesday, February 7, 2012
If this classification process was instituted, the cost in millions of jobs, millions of donation dollars, and medical dichotomy would fully change the economy. Alzheimer's currently affects almost 3 million people in the United States. A significant change in insurance policies and medical care for that many people would have drastic effects on the economy. People would buy into the fallacy that MCI and Alzheimer's are actually two separate diseases, whereas in reality, they are actually just different stages of memory loss. In my opinion, until more research is done, no change to Alzheimer's patients should be publicized because the American public is known for buying into lies and without realizing it, changing the way they live to substantiate these lies.
Monday, February 6, 2012
Friday, February 3, 2012
We can look at the economic impact of BMW through this incident. A sponsorship deal for the driver was said to end four months sooner days after the incident. Also, people got angry and said they would never buy a BMW or sell their Minis.
The popularity of BMW went down, due to this incident. Popularity is a big indicator of demand, and it is interesting to see that popularity could suddenly swing to much lower than it previously was due to one event that isn’t related to the product whatsoever. Sometimes the most unexpected things can hugely affect the demand of a product.
Thursday, February 2, 2012
Wednesday, February 1, 2012
Tuesday, January 31, 2012
According to the article, "Tata Starbucks Ltd., as their venture is known, hopes to capitalize on the rising aspirations — and fattening wallets — of many Indians, who are eager to partake of the global latte life." This is rather interesting considering the Indian market has always consisted of tea drinkers. However, I posed the initial question "How can Indian consumers afford the ridiculous prices of Starbucks coffee? I soon found the answer to my question. Indian civilization does not give its population any place to socialize, regardless of age. Coffee Shops, renowned for their social atmosphere, provide the perfect setting for people to 'hang out'. India has changed from a poor, uncivilized country into a modern metropolis of civilized people. India is finally on the same page as the rest of Asia, a task many thought to never see.
What economic implications does this new introduction provide? Well, obviously Starbucks is going to profit even more because it will take the urban areas in India by storm, while also giving tourists a familiar place to 'call home.' In my opinion, Starbucks has once again used their powerhouse status to change another country. Economically, Starbucks is providing an outlet for the consumer, while also giving Indian poeple a chance to manifest their long-awaited civility. Starbucks epitomizes what capitalism can create, both positively and negatively. On the bright side, Starbucks will continue to rule the coffee market, monopolizing the industry. On the dark side, Starbucks is gaining too much power in too many different countries, essentially limiting any government action to limit their influence. Once a company goes global, it is expanding its own success at the expense of everyone else in the market. However, Starbucks continues to increase global demand, a feat most companies would kill for. Who can blame them? Starbucks seems to have all the cards and is playing them without hesitation.
Monday, January 30, 2012
Friday, January 27, 2012
Thursday, January 26, 2012
Wednesday, January 25, 2012
Tuesday, January 24, 2012
The main detriment to President Obama's campaign is that he is fostering a public that is used to getting free handouts. He has contributed heavily to the misshapen belief that people are all equal. While this may be the case spiritually and morally, economically that is definitely not the case. This is America, the land where people come to achieve their dreams. People work hard and benefit from it. President Obama is destroying that notion by advocating the current welfare system. As it stands now, the welfare recipients actually make more money off of government assistance than they do with a part time job. This is not a way to generate a productive economy. If given the chance to have more money and not have to work at all, who wouldn't take that opportunity? I know I would. The real issue here is the political game that President Obama is playing. He is previously misled the public into believing he can achieve nearly impossible tasks overnight. He has failed to "eliminate subsidies to oil companies; replace No Child Left Behind with a better education law; make a tuition tax credit permanent, rewrite immigration laws and reform the tax system," all of which he promised to do last year in the State of the Union Address.
While this seems to be a condemnation of our president, it is not. I am sincerely pointing out the problems with the State of the Union address. The real problem lies in telling people what they want to hear. Presidents use the State of the Union to boost the morale of the people, which is understandable. But it goes without saying that feeding the American public with unachievable goals is ridiculous. If the State of the Union Address was more focused on presenting the 'State of the Union' and less about winning the next presidential election, I think the American public would respond more positively to the unexpected failures of the current economy.
Monday, January 23, 2012
Friday, January 20, 2012
Thursday, January 19, 2012
Wednesday, January 18, 2012
In middle school, I had always taken choir and had decided that I was also going to take choir in high school, but one day I decided to look at my choices and I realized that I wanted to try out yearbook. At that point in time, choir was my opportunity cost. I had no clue if I was going to like yearbook and I was constantly wondering if I made the right decision, but that is the whole point of choices. Choosing which is the best option at the time is a big part in economics. When people are trying to decide what to produce, they are choosing to take one idea over another. What if their opportunity cost would have made them millions of dollars? This is the whole point of choices, you won't know if you made the right decision until you put your all into the choice you made to make it work.
Tuesday, January 17, 2012
Based on the scarcity of the event, Tarantola was able to cut the cost of the procedure in half by appearing on a TLC screening about cloning. By being able to cut the procedure costs in half, there was more incentive for Tarantola to push for results, affecting her value based judgment. In my opinion, cloning is not something that humans should try to control. I believe that God creates life. Therefore, he should be making the major decisions concerning life and death. Essentially, decisions in our lives play almost solely on value based judgment which encompasses the present circumstances, the scarcity of the event, and past experience. In my humble opinion, Tarantola has attachment issues that cloning will not rectify even with her cloned dog Double Trouble.
Monday, January 16, 2012