How Safe Is Your Job

In 2004 according to a report America’s imported as much as Japan, Germany, China and India combined.

The United States is not only one of the largest economies in the world, but it is also one of the strongest economies compared to industrialized countries, and this has been proven in the last few years. Despite of what many people believe or see, U.S economy is booming and it will continue to boom during the year 2015. In the article “When the U.S Economy is the Envy of the World,” published by the MSNBC on December 8, 2014, its author Steve Benen argues about the U.S economic recovery in order to persuade U.S citizens and show them the numbers that prove that our economy has recovered. Benen (2014) also encourage U.S citizens not “to compare the current economic recovery to other recoveries that followed modern downturns,” but “to compare our economic recovery against other countries who dealt with similar circumstances” because according to President Obama, the U.S “has put more people back to work” than any advanced economy in the world (qtd. in Benen, 2014). There are strong evidences that prove that the U.S economy is in its best year compared to three years ago. The growth of jobs, the slight increase of wages, and the low price of oil have truly helped the U.S economy recover.

The question to whether we should buy strictly American made products has been around for a long time many people think it’s a good idea and many think it’s a bad idea. I think that we should buy strictly American made products because if we start making these products our self it could open up more jobs for Americans to fill and it could help to drop the unemployment rate. It has been stated by Roger Simmermaker that “In just the last 10 years the United States has lost out on approximately 2 trillion dollars in cumulative trade deficits with china alone”(Simmermaker 1). That is money that we the Americans could have profited from if we would just make the products ourselves and buy from other

Chapter nine: Explain how the average American is three times as rich as they would have been in 1950. Explain the most effective “knock” on GDP. What does the author think about the effectiveness of fiscal policy? Explain how a current account surplus/deficit can be good and bad.

Write a 350- to 700-word paper in which you research the current state of the economy. Include answers the following:

* Products that are commonly imported in the United States are oil, cars, and clothes. These products are very important to humanity.

6) How would you tie good or bad economic times to “the power of context”?

     The exporting of American jobs is an issue that is important and will become increasingly so as more and more white collar jobs are shipped overseas. American companies in the past few decades have been sending American jobs overseas paying residents of other countries pennies on the dollar what they had paid American workers to do. This saves the companies millions of dollars on labor costs but costs Americans precious jobs.

Educating oneself about the economy is a rigorous task seeing as it has several different aspects to it. Unemployment and the related topics in the chapter sparked an interest within me. Fortunately, I was able to find an article that covered this topic in a state I’ve come to love- California. The article, “California adds 54,200 jobs in May; unemployment rate ticks up to 6.4%”, provides visual representation of the data stated and provides quotes and opinions from people among the Californian population. This produces additional support for the article. The fact that the situation is occurring in California, along with visual representations, gave reason for my decision in choosing this article.

Have you ever thought about those little words in fine print that tell you where a product was made? How about the last time you put tires on your car? Before you made a decision on the purchase did you stop and ask where the tires are made? Probably not! You heard the only words you wanted to hear....good and cheap! When did we stop caring about where a product is made or did we ever? Why would this matter anyway and what importance is of it? Some may argue that free trade and imports give us purchasing power. They believe cheaper goods results in more money in our pocket to buy other goods. That theory is a farce with little to no data to support it. Buying American made supports job growth, the environment and human rights.

In the video, Milton Friedman, makes his case regarding the modern welfare state. Friedman, a 20th Century advocate for free markets, discusses his viewpoints of free immigration and its correlation to the welfare system. First, he makes a notable point regarding the rapid growth of immigration, from approximately 1870-1914. Friedman mentioned the millions of first generation immigrants and how most came “with empty hands.” During the 1980’s, he asked should people not be just as welcoming to new immigrants? Anyone in 1914 could get in a boat, and freely immigrate to the United States, which is clearly not the case in current society. There is some biasedness, as it seems acceptable for those who came over during the heavy migration to receive economic welfare; whereas, in today’s society, there is a constant debate regarding new immigrants, having the same privileges as the first generation immigrants received.

The article goes on to state that we could be the leader of industry again. Americans need to relearn how to be a patriot again we have lost sight of this and we have become more divided then any time in our history. When I was growing up the saying was cheap junk made in Japan now that is how other countries view our products.

China is one of our biggest labor competitors. The reason many US companies go to China for outsourcing is again, because of their workforce’s willingness to operate at low costs. Michael Zimmerman describes this as a disparity in worker “tolerance”. Where the low wages found in China are “far lower than U.S.

Another challenge is that despite the ability to manufacture products cheaper in China, there is a flip side to this situation and that is that sometimes, that “made in America” sign on the back of a product could mean more than the few dollars more it costs to buy that product. Some Americans, in their spirit of patriotism, care more about supporting the American economy than saving a little bit here and there buying products that were manufactured outside of the United States. Balancing the stigma sometimes associated with making a product in a foreign country with the lower costs that usually comes along with that is important in doing business in China as well.

Manufacturing has become the focus for critics when it comes to the free-trade debate. Many people blame trade for the reduction of manufacturing jobs in the U.S. People are angry because American companies invest and build manufacturing plants abroad instead of on American soil. They are angry because American brands are being labeled: manufactured in China,