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Netw206 W1 Assignment 1

Good Essays

APPLYING ECONOMICS TO CURRENT EVENTS

Applying Economics to Current Events
Ivy Bridge of Tiffin University

There are so many events going on in the world today. There is a housing market issue, health care reform issue, and companies fighting for paid sick leave from their jobs. There are many more this is just to name a few. The housing market is going to start booming again for a short time. The health care reform created by Obama will continue to be an issue for a long time, and companies are fighting to get paid sick leave when they are ill. There are so many things that have changed in the world, and it sure is not what it used to be.
First, the housing market is starting to come back to business, but it is taking some time. …show more content…

There may be some people that would abuse the privilege of having this, and not wanting to offer it. There are still honest people in the world that it could be an advantage to. Many people have families and cannot afford to call-in sick when they have the flu, or another illness. That is where the paid sick leave would come in. Employees coming to work sick could be a bigger risk then not letting them have to day off. It could be difficult for some smaller businesses to offer this because of the costs. The restaurant industry could get hit pretty hard because of the administrative costs as well as having to cover peoples’ shifts that are unable to go to work. “The U.S is the only major industrialized nation without a national paid sick-leave policy Some 145 countries provide paid sick days for short- or long-term illnesses. Japan, the Netherlands, Switzerland, Sweden, Denmark, Finland and Singapore require employers to provide at least 10 paid sick days” (Koba, 2013).
In Conclusion, the world is not what it used to be. The government is eventually going to control the whole world and nobody will have a say on anything. The housing market is slowly coming back up, but are the people going to be able to get a new home and afford it later down the line? The United States is not promising that it will not get back into another recession so the person better only hope that they have a safe, secure job. The Affordable

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