Unemployment In America

Socioeconomic class is a class of a group of people having the same social, economic, or educational status. The working class and emerging professional class comes under the socioeconomic class. The socioeconomic varies by different factors such as gender, race and social class. Money is involved when we talk about socioeconomic class but there is more to it. For example, a waitress earning $7 per hour and wins a jackpot of $1 million won’t be in the same situation as the one whose business is worth $1 million. And this is what we will discuss further in one of the films.

The unemployment rate has dramatically increased over the last several months. This increase has created many complications for the American people. Although the United States economy has created over 7 million jobs, there is still a long way to go until the economy is back on track.

The definition of socioeconomic status; The social standing or class of an individual or group. It is often measured as a combination of education, income, and occupation. (American Psychological Association.) I’m going to compare and contrast the education, occupation, income and poverty during the 1900’s and compare that these things in today’s world. Some things were better back then and some things are better now. I will also be comparing the poverty rates from the 1900’s to the 2000’s.

Social class is defined as a label that categorizes individuals based on their economic status, wealth, and

Social class is a division of a society based on social and economic status which can include levels of wealth, success, power of authority, and influence. Status is can be defined or grouped having common economic, cultural, or political interests.

Poverty leads to insufficient opportunities, especially in college education. For instance, according to U.S. Department of Education, students who do not enter college or drop out of their classes are “predominantly persons from low-income families.” In support of this argument, the article states that “only 21 percent of those with family income of less than $25,000 were highly qualified for admission at a four-year institution” compared to the 56 percent of students with family income above $75,000. Therefore, students with bad economic conditions struggle with attending university even after entering it. The problem is that the African Americans race gets the harshest disadvantage from their poor economic conditions. U.S. Department of Health & Human Services publishes that almost 40 percent of African Americans under 18 are below the national poverty line, which is three-times higher than their white counterparts. This explicitly proves that unequal economic conditions are the main reason for inequality in education; African Americans are the most disadvantaged. Furthermore, the correlation between poor economic conditions and a lack of education among African Americans creates a chain of inequality. The poor economic backgrounds of African Americans obstruct their children from attending colleges and subsequently, the lack of higher education makes

With regards to education disparity, the Appalachian coal mining communities have a lower rate of college graduates when compared to other areas in the U.S. (BestPlaces, 2017b) Females are more likely to stay home with their children and take care of the home, while men work outside of the home. The importance of higher education is lost in the importance for men to work at an early age and for women to marry and have children. When compared to Putnam County, the education is about the same, and falls short of the national averages for any post high school education. West Virginia has the lowest population with a bachelor’s degree in the U.S. totaling 17.3%. ("West Virginia," 2017, November 21)

A famous American chef, Tom Colicchio, once said: “This is what people don 't understand: obesity is a symptom of poverty. It 's not a lifestyle choice where people are just eating and not exercising. It 's because kids - and this is the problem with school lunch right now - are getting sugar, fat, empty calories - lots of calories - but no nutrition” . On the other hand, a socioeconomic status, according to the dictionary is “An individual 's or group 's position within a hierarchical social structure. Socioeconomic status depends on a combination of variables, including occupation, education, income, wealth, and place of residence” .

Social status can be earned in two ways. More research from Wikipedia conveys you can gain your social status thought you achievements in life. Perhaps you went to school and become a lawyer or a nurse. This form of social status is known as Achieved Status. The other way is inheriting it. Perhaps your family owns a business and it’s been around for years. When it’s your time you’ll inherit the business. This type of social status is known as Ascribed Status. Most Appalachian people fall into the ascribed status in pre modern times. Where family is big, you do what your family has done for generations. If your family owned land, you were going to help on the farm until one day it was yours. There are the exceptions, getting married off or pursuing another job if you were fortunate enough. Many people today pass still their land on to their children. Preachers and church goers held a certain status. Status becomes a form of respect. Such as respect for elders or widows. People in the community or neighbors

The probability of the number of Americans that struggle with joblessness and being poor throughout their lifetime is still high. According to the Associated Press, Four out of five Americans struggle without jobs, close to poverty, or relying on welfare for at least parts of their life. We can only say the percentage of people facing those problems at least once in their life, not the percentage of people going through it now. This cant be figured by itself because you'd have to know if economic security troubles were lower than 80% before. In 2001, Rank and Hirschl used PSID data to see that 51% of Americans go through poverty at some point in their life. A small majority of American still spend at least a year of their adult life in poverty.

The economic stability of our nation is a great concern for all American’s; the most effected by low economic shortcomings is the middle class. The realization that the middle class is slowing beginning to diminish and dissolve is becoming more and more unsettling for many. The low minimum wages and high unemployment rates tend to be the main focus when analyzing the drop in middle class economic stability. One fix is to raise minimum wages to a more appropriate rate for living standards; the current federal minimum wage is set at $7.25 per hour. At $7.25 an hour for 40 hours a week comes in at a low $15,080 per year, take out taxes and doesn’t give you a whole lot to live off of. Most would argue that the minimum wages though weren’t set

Socioeconomic status is a term used to weigh up a person’s/family social and economic standing. This status is determined by factors such as income, education, occupation and social environment (Leary, 2007). A person’s socioeconomic status can fluctuate over time depending on the person improving their life choices or by making poor life choices.

The United States economy suffered a period of economic decline, which is known as a recession, for eighteen months from 2008 to 2009. Since then the U.S. economy has enjoyed an ongoing period of economic growth, which is known as a recovery or an expansion. This expansion can be tracked through the decrease of the unemployment rate and the increase in consumer spending.

Socio-economic class is reflective of occupation and education, combined with wealth and income to position one relative to others in society. These factors play a significant role in shaping someone's life chances and choices. Social class has much to do with who we are today. For example, access to jobs and education is often determined through the categories of social location and identity. White, middle-class/wealthy, men and women, statistically speaking, are given more access to college entrance and corporate executive employment than to any other persons of any

Downsizing, restructuring, rightsizing, even a term as obscure as census readjustment has been used to describe the plague that has been affecting corporate America for years and has left many of its hardest working employees without work. In the year 2001 we had nearly 1.8 million jub cuts, that’s almost three times as much as the year 2000(Matthew Benz). In the 1990's, one million managers of American corporations with salaries over $40,000 also lost their jobs. In total, Fortune 500 companies have eliminated 4.4 million positions since 1979 including the 65,000 positions cut in February of 2002 (Ellen Florian). Although this downsizing of companies can have many reasons behind it and cannot be