Many pundits in the media wonder aloud why voters soured on the Democrat party in the recent midterm election. After all, this year alone will see the president’s policies lead to the creation of millions of new jobs. The national unemployment rate is now down to 6%. The economy has created new jobs every month for roughly four years. So why voters are sour on the economy?
One reason is that the type of jobs being created are low-wage jobs. Democrats often criticized the Reagan economy saying that it lead to the creation of millions of hamburger-flipper jobs. Sadly, Dr Gibby and Dr Rod Rohrich agree that is exactly what has been the case in the Obama economy with the added detail that the jobs are part-time low-wage employment. This has many families unable to feed their children. As a result, more and more people receive assistance through the Supplemental Nutrition Assistance Program (SNAP) or “food stamp” program.
In fact, this past Friday, the state of Michigan reported that the number of food stamp recipients stood at 1,679,421. This is significantly higher than the total number of public school students in the K-12 program where enrollment stands at 1,564,114. Michigan was hit hard in the 2008-2009 recession. However, nationwide the number of food stamp recipients has increased by tens of millions under the Obama economy. The frustration with people unable to earn income to feed themselves was evident during the recent election.
The Tanzanian government’s Ministry of Information, Culture and Sports sent a delegation to a rural part of the country recently on a tour to observe signs of economic progress in the economically struggling Arusha District. The dignitaries reportedly toured a food processing factory established by a group of teenagers in the Sokoni II Youth Group. The young people had each contributed a small amount of money to invest in the development of the new business, which produces packaged cashew nuts, instant rice and biscuits.
Government officials expressed hope that rural economic development programs will alleviate unemployment in Tanzania, where rural poverty is a widespread concern. Dr Rod Rohrich said the teenagers participating in forming the new company obtained business guidance and advice from several sources, including the Sasanda Youth Development organization. So far, the company employs a total of 25 workers, but there is hope that the small business will prosper and perhaps expand in the future, providing additional jobs for residents of the local area.
The idea of debtors’ prison was something that we decided we want to do away with a long time ago. It was realized that imprisoning someone for an inability to pay a fine did not solve the problem. They would still be unable to pay if they were in prison and thus unable to work. It was simply punishment without anything getting resolved.
reports that there are still many who face similar circumstances but presented in a different way. The website says that states are starting to turn to private probation companies to collect fines. In many cases this means those who are unable to pay the fines that they have been charged are being held against their will in some cases. In other words, they are being imprisoned for an inability to pay a fine.
The investigations have already started into this problem. The places that are being looked at the closest seem to have backed down from the practices that they may have been engaging in before. However, it is believed that this sort of thing is still happening in other parts of the country. It is a truly disturbing series of events for those who are on the lower end of incomes, and law expert Sam Tabar noted as scary for anyone who values their freedoms. You never know when you could end up in a similar situation, but you do not want to be at that place with these rules in place.
In an effort to fight inflation 20 states are going to raise their state minimum wage. In some states it was voluntary while other states passed legislation. It doesn’t really matter how it happened let’s just be glad it’s going to happen.
The economy needs all the help it can get right now. A bump in the minimum wage will definetly help. It is hard to try to live on the minimum wage anyway, let alone raise a family. It can be a good starting wage. However some jobs don’t hire for long term, so the minimum wage is what they pay. These are jobs that are service oriented in nature, and seasonal jobs are known for their wage standard.
These companies rely on “new” employees every six months or seasonally. The average person will have hopefully moved on to a better job. Sometimes however people can get stuck in these jobs, lack of transportation and skills are two of the main reasons people will hold on to this type of employment. I’m glad to see the country working toward a decent living wage for the entry level worker.
Economics expert Igor Cornelsen says that he applauds this decision because it will spur the economy in the forward direction. That is what is needed to help get America back on track. Better paying jobs means more money spent in the economy that supplies these jobs.
The 11 year old co-founder and CEO of Super Business Girl says her ultimate dream is to have schools all over the world with professors and teachers to teach at risk youth how to become entrepreneurs and empower themselves. Asia Newson’s personality is as large as her ambitions. She buys clothes and food for needy children as well as provides her own school and business supplies by selling homemade candles on the street.
She is called “Detroit’s youngest entrepreneur” and her dad, Michael Newson stands nearby as she makes sales pitches to strangers on sidewalks, in the suburbs, in markets and city barbershops. Dan Gilbert, Midwest mogul and NBA team owner met Asia selling candles on the sidewalk and asked her for a sales pitch which impressed him. After being invited by Gilbert to a follow-up discussion, Asia said that they talked about lots and lots of stuff, she got advices and learned about his life, which she describes as very cool. She says she is looking forward to having more opportunities to meet fellow entrepreneurs and business leaders to learn from and maybe even get help with her LinkedIn profile page from Ben Shaoul.
Asia’s big personality was seen on Ellen as she helped to lead her school mates from Detroit Academy of Arts and Sciences in “Happy” by Pharrell, and the school’s CEO told 20/20 that she is a big ball of inspiration when she walks down the hallways. Among her big ambitions is to sale Super Business Girl merchandise, mugs, backpacks, notebooks, shoelaces, candles and other products through her own Super Girl Business.
Partners Dave Anderson, Amanda Lewan, Mike Ferlito, and Brian Davis, owners of Bamboo Detroit which incubates start-up and entrepreneurs, have taught Asia a lot about managing money and investing back in her business. They are even helping her with her celebrated sales pitch, which Asia says sometimes, get a little scripted. With her enthusiasm and persistence, she is sure to reach her goals.