Cause And Effect Essay Economy Text

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length: 665 words 1.9 double spaced pages it’s hard to live a normal healthy life without a job and money. Being unemployed can cause one to experience financial, emotional, and personal problems. The most common causes of unemployment are getting fired and layed off for specific reasons. People might get layed off if a company is going out of business or maybe if there are positions in the company that are no longer needed.

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Companies don’t want to hire someone who has just been fired for reasons such as failure to do a sufficient job, not showing up to work, stealing, etc. Some people can’t get hired because they don’t have an education and they are not qualified to do the work required. Most companies call a person’s references and if they don’t have a good work record they are not likely to get hired.

Employees will always hire the most qualified person based on their resume, or brief account of one’s education and professional experience. If someone gets into a car accident and gets physically injured long term or becomes disabled, it becomes difficult to do many types of jobs. In another case a person may become ill and not be able to work for a long period of time or at all. Especially if they are a single parent of if they have a large family to support. Having no money means eventually having no food, no clothes, no shelter, and no car.

It also prevents one from doing many things and activities, even though their amount of leisure time has increased. One might not have money to go to the movies, play on sports’ teams, or do any other recreational things. Any money that has been saved ends up getting spent rather quickly with all of today’s living expenses. Twenty thousand dollars may seem like a lot of money to some people, but with no income that money gets spent before you know it. When a person has no job, whether they were fired or just can’t find a job, their self esteem tends to go down.

They start feeling worthless and unimportant because they as though they are not good at anything. The stress and loathing leads to depression, which in some cases causes alcoholism. Some of these problems include not having enough money to feed the whole family, the stress of the unemployed effecting the rest of the family, and the transition from having money to having none. An unemployed parent might end up taking their depression and anger out on their children or spouse. The combination of all these problems creates too much stress for a family to handle.

Furthermore, there are many reasons for becoming unemployed, such as being fired, getting layed off, physical injuries or handicaps, or just having no experience. 19 feb 2016 american international university the essay i will be writing about is the cause and effect of a recession. The money we make we use to buy products, which in turn keeps the economy going strong. Due to increased unemployment, multiple bankruptcies, the failing stock market, and a lack of public confidence the national bureau of economic research declared a recession on november 26, 2001. People were not making enough money which led to less purchasing. the less we purchase the worse the economy gets.

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In the article recession 2003 it is stated: the national bureau of economic research formally defines a recession as three consecutive quarters of falling real gross domestic product. A recession’s manifestations are rising unemployment, contracting business activity, and decreasing purchasing power of consumers. Philip’s encyclopedia 2008 if we do not understand what a recession is and do not notice it early on, it can lead to a depression.

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Philip’s encyclopedia 2008 the cause of a recession is also the effect of a recession. It is intriguing to explore the causes of some event that you always took for granted or to chronicle the effects of some phenomenon in society or nature. The two strategic points you have to consider are 1 whether you're exploring causes or effects or both and 2 what is the order of the causes or effects you're going to pursue 151 from least to most important or vice versa. In the following two paragraphs, bob kutter analyzes the effects on american workers of an economy that relies increasingly on technology. In a sense, the paragraphs provide an outline for exploring the various causes and effects which are the substance of the article. In these paragraphs, what sentences could be listed as major points and what sentences play a supporting role? what is the role of the first sentence in each paragraph? the erosion of the middle of the labor market is easy to misinterpret, because its roots are multiple.

During the 1970s, the entry into the work force of an unprecedented number of women and of young adults born during the baby boom resulted in too many workers for the jobs available, and depressed wages. The decline of the middle also has something to do with the explosive growth in world trade since 1960. As manufacturing technologies have become more mobile, and multinational firms more footloose, production jobs have migrated from the u.s. In addition, technology itself has helped to provoke the shifts in the job market. For example, fewer american workers would have been needed to make steel in 1980 than in 1960 even if the pressures of global competition had not been a factor, because new machines have made many of their tasks redundant. Finally, the high rate of unemployment caused by these trends has tended to drive wages down further, especially at the low end, since it forces unskilled workers to compete for their jobs with unemployed people who are willing to do the work for less. Although demographic shifts, stepped up world trade, unemployment, and especially the advance of technology all have had an effect on the shape of the job market, middle level jobs have been disappearing ultimately as a result of the ways in which technological gains are being distributed.

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