America's Downward Spiral Summary

The situation Ehrenreich is describing is the reality of millions of Americans; they work multiple minimum wage jobs, and are paid “so meagerly that workers can’t save enough to move on.” In addition, Ehrenreich recalls the actions of the U.S. government in regards to assisting these Americans. The article opens with the contribution of President Lyndon B. Johnson on the “War on Poverty”, then the “attack on welfare” in the 90s, concluding with The Great Recession. While writing Nickel and Dimed: On (Not) Getting by in America, Ehrenreich abandoned her comfortable life to live the life of a low-income American; she worked multiple entry level jobs including Wal-Mart, a maid service, and as a nursing home aide. Through these actions, Ehrenreich establishes her ethos. Because she’s lived the lifestyle she’s describing, she has the authority to speak on the topic. Ehrenreich concludes with her proposal to help the

     Not only did a big portion of the urban working class experience unsuitable working conditions, but their pay and skill level was often not enough to promote them out of industrial employment. Employees found themselves trapped with employers and earning low wages, with many hovering in the poverty range. Reform was necessary to help the poor. Now, with the strife-torn 1890s behind them, reform became an absorbing concern of many Americans (597).

In Barbara Ehrenreich's bold and honest book she tackles the issue of poverty in America head on, by becoming a low wage worker herself. Ehrenreich delves into the often unheard of issues relating to poverty and low wage work, providing her readers with a new perspective on America's working poor and manages to give her audience a stark emotional, yet logical and factual, look into the working class' poverty epidemic. She uses her own anecdotal evidence and supports it with statistics and facts, appeals to ethos by challenging the ethics of corporate America and it costs, finally she hits an emotional chord with readers by reminding them of what low wage workers must endure so that we can live in our America.

It is hard when you are a middle class family, and eventually a good life passes to be a low income family. Not just a Paycheck from Unnatural Causes describes how unemployment, and change on class & income can transform people 's health. The film presents how a middle white family started seen discrepancies among being working class and the rich. In fact, they start to understand what mean being unemployment. Basically, the film briefly explains the reasons why companies have to move to different places not matter the wellbeing of their workers. Thus, what really matter in this industrialized world is profit, and that 's what company holders are seeking at cost of anything. Clearly, companies do not care what is going to be the life of an unemployment because chair holders never have to experience it generally. In reality, the closure of companies directly constitute to a negative impact on the rate of jobs and the stress level on the people who lose their jobs which is connected to the health of the US.

“Something is wrong, very wrong, when a single person in good health, a person who in addition possesses a working car, can barely support herself by the sweat of her brow” (Ehrenreich, 2001, pg. 199). Barbara Ehrenreich wrote this in her captivating book Nickel and Dimed, where she embarked on a journey that revalued the truth behind life in low-wage America. Growing up I was led to believe that nothing worth having comes easy. As long as I worked hard and gave everything 100% I was guaranteed success, in essence hard work was the key to success. Ehrenreich revels the sad reality for many Americans where hard work, the type you never thought possible that leads to exhaustion, does not guarantee success. Ehrenreich had very unique objectives for writing this novel and she was able to reveal the impacts of social policy then and now.

Paul Krugman, author of “The Death of Horatio Alger,” evaluates the declining social mobility in America. He proposes that the decline in social mobility is causing the rich to continue to get richer and the poor to continue to get poorer. Krugman was inspired to discuss how this would result in the shocking loss of the American Dream, after he read a Business Week article that made him fearful of the considerable and drastic decline that would destroy the livelihood of many Americans. Krugman’s purpose was to make his audience; those of lower socioeconomic status, aware that the American Dream they hoped to achieve would soon become extinct. He creates a fearful and negative tone, in order to grab his audience's attention and inform them about the economic downfall. Krugman strongly conveys his message not only through his harsh tone, but by appealing to pathos, incorporating rhetorical questions that create a fearful mood, and appealing to logos to make a credible and sound argument.

Why does it seem that the working class is set up for failure? Do these workers lack the experience in their chosen fields? Do these employees lack in their work ethic? Does the government need to give more support? Questions like these arise in both the story Nickel and Dimed: On (Not) Getting By In America by Barbara Ehrenreich and the article “The Minimum-Wage War” by Rolling Stone. At first glance, these writings may seem unrelated; However, the themes of minimum wage and work ethic go hand-in-hand with respect to these texts. These writings express the correlation that working a minimum wage job and having a strong work ethic does not always result in enough money to pay for the cost of living. Consequently, unskilled workers become forced to work two or more positions (or become a part of America’s underclass).

In this report, the Great Recession and the current economic down turn in the United States will be discussed. This report will cover the definition of both a recession and depression, and how these two differ from one another. The report will then detail two significant factors that were involved in the formation of the Great Recession. Finally, the report will discuss the differences and similarities between the Great Recession and other recessions that have taken place in recent U.S. history.

In the midst of the current economic downturn, dubbed the “Great Recession”, it is natural to look for one, singular entity or person to blame. Managers of large banks, professional investors and federal regulators have all been named as potential creators of the recession, with varying degrees of guilt. No matter who is to blame, the fallout from the mistakes that were made that led to the current crisis is clear. According to the Bureau of Labor Statistics, the current unemployment rate is 9.7%, with 9.3 million Americans out of work (Bureau of Labor Statistics). Compared to a normal economic rate of two or three percent, it is clear that the decisions of one group of people have had a profound affect on the lives of millions of

Many people try to argue that there is not a moral decline going on. I have heard things such as, “the ratio of moral people and unmoral people is the same as fifty years ago; as the population grows the amount of moral and unmoral people grow too.” And what about “life around us is changing, we just have different priorties and values which determine our morals.” Everyone has their own idea of morality, what’s right and wrong and what is causing this moral decline, if there even is one.

The Great Recession that began in 2007 introduced people to a feeling not since felt since the Great Depression of the 30’s and 40’s. It reintroduced a new generation to the realization that we cannot take anything for granted. It sprung up fears in a fearless population, and out of it born a stress like no other. We can harness that stress; we own it as individuals, employees, as employers, as caretakers of the future.

Everybody in the United Stated was affected by the recession that began in December of 2007 and spanned all the way to June 2009. Even though the recession is over, many people are still being affected by it and have still not been able to recover from the great recession. “The recent recession features the largest decline in output, consumption, and investment, and the largest increase in unemployment, of any post-war recession”. Many people lost their jobs due to the recession and some of them are still having a hard time finding jobs and getting back on their feet. Businesses

Recession is a term that looms over any society at some point or another but what does recession mean for the economy, in short it is an economic decline. This essay will examine the meaning of recession and will discuss the fiscal and monetary policies that are used to pull economies out of recessions. The great Recession of 2008 will shed light on how these policies were successful at restoring economic growth and reducing unemployment.

Every American dreams of finding a job that pays well enough so that they may comfortably take care of their loved ones and themselves for years to come. Most Americans hope to find some way to make a living that they enjoy, something that they view as productive. Unfortunately, many do not have this luxury. In our society, a good portion of the population is forced to hold the base of our country in place while hardly being redeemed for their time and effort, and thus the problem of income inequality. Numbers of these people live from paycheck to paycheck, barely getting by, not because they manage their money poorly, but because the value of their time at work is negligible.

This recession has been the biggest economic struggle in my lifetime. Everything that could go wrong went wrong. The event that led to this recession is the housing crisis, where banks were giving out loans, almost without any restrictions. People were getting involved in one of the best economic times in our history. Confidence was everywhere and the ideal mindset hit everyone. When the economy hit all new highs, people thought the supply and demand chain would continuously rise. The business cycle seemed to be a lie to many Americans. However, the business cycle is real and the world lives a part of it everyday. When deregulation became extreme and private companies, especially banks, got all the power, nothing could stop them