Wednesday, March 6, 2019
A Second Depression Predicted from History
The factors contributing to the struggle of functional class the Statesns during the first gear be still relevant today. Clues as to the imminent occurrence of a second Depression can be found by comparing the Great Depression to todays economic climate.The fol scurvying endeavor comp ares contributing factors to the struggles of working class society during the time of the Depression and today. cite factors to be analyzed are low wages and unemployment judge, unfair levy laws and foreign and the Statesn economic operates, as well as American spending.Low wages are as much a problem today as they were during the Depression. One out of four working families in America today are low income earning wages which are so low that it is nearly impossible for them to survive financially (Waldron, et.al., 2004). Key characteristics in todays vile include low-paying troubles, inadequate benefits and little-to-no job advancement opportunities and lack of skills and/or education (20 04).Presently the economy demands high skilled workers, due to the outset in technology. Low paying process jobs are still on hand(predicate) and needed by the economy, yet the United States has non taken the neat action to support employees of such jobs and thus their needs and those of their families, go unmet (2004). neglect of proper support by government reduces the chances for families of low paying service jobs to make or plan a solid future.Policies and regulations today are inadequate for the needs of the lamentable much like during the Depression. Suggestions for the improvement of broken Americans involve the creation of go against paying jobs, better access to education, training and wellness care and better benefits all these items are available to better paid employees. It is suggested that in order to accomplish these things, Americans must(prenominal) effectively invest public resources (2004).Research has shown that the level of education strongly influenc e living standards in America for example, thirty-five percent of low-income families have a parent who did not graduate high school (2004).Americas sorry struggle with balancing their wages the majority of their income is going to housing and utilities, not leaving enough for health care. This is a concern because without health care, Americas poor miss work or lose their job because of illness. The struggles of low-paid workers in America are similar to that of workers during the Depression. Education and skills were as important, and difficult, to obligate today as in the 1930s.As in the 1930s, tax structures and investments affect working Americans significantly. Public assistance varies and is mandated by state however the level best cadence of earnings allowed by any state in America is so low, that if a family wanted to maintain health insurance after reaching the maximum income level, it is close to impossible. Some states only allow a maximum yearly income level of te n thousand dollars. Once reaching the maximum amount, public assistance is no longer available. There were similar concerns of how to attend Americas poor during the Depression.The Dust Bowl migration of the 1930s demonstrates the struggles and policy-making policies which affected the poor during the Depression. During the Dust Bowl migration, families from Oklahoma and surrounding states headed for calcium during the Depression, in search for a better life in the exploitation agricultural state (Gregory, 2004). The Depression affected everyone, but especially farmers in Oklahoma and surrounding states the severe drought made it all the worse.Unemployment rates were high across the country farmers and those in the city experienced joblessness. The poor were often discriminated against by states many states were unwilling to allow the poor to relocate to their states (Gregory, 2004). California, for example, set up a boarder patrol to keep poor migrants out of the state. It wasnt until 1941, that the Supreme Court decided that states had no serious to restrict fellow Americans from migrating to their state (2004). There were attempts by some counties to jock educated farmers as well as give minor health care services.
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