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The following article was published in our article directory on January 3, 2013.
Learn more about SpinDistribute Article Distribution System.

The Current Problems of the US Economy

Article Category: Business

Author Name: Karasu Cheremushkin

The American people are facing the following problems today.

Inflation. This is one of the most important modern economic problems because of the way it impacts people s quality of life. High inflation means that they can buy less with their money. At the same time, however, inflation is also an indicator that the economy is growing, while deflation (when prices are going down) can also be a negative signal that the economy is weakening. If you want to learn more about inflation as an economic issue, you can download free pdf books that you can read.

Economic inequality. Studies have shown that income disparity in the US is worse now than it was even back in 1774, before the Revolutionary War. In 1774 the richest 1% of Americans accounted for 7% of the country s income; by 2010, they laid claim to twenty percent. But economists remain divided about the best way to bridge the inequality gap as well as its effects on the middle class.

The immigration debate. The general consensus is that immigration is good for American since immigrants are more likely to start businesses and be more highly skilled. However, there are others who believe that immigrants directly compete for jobs in a competitive labor market with native workers. And there is also the question of illegal immigration, which many economists believe will depress wages as they compete with American low-wage earners for scarce jobs.

The minimum wage. It has been three years since the federal minimum wage was increased but in the interim, prices of basic goods and services have risen substantially. Thus, a person only earning minimum wage not only does not have enough income to maintain a decent standard of living, they actually fall below the federal poverty limit. Is it time to increase the minimum wage? But how would this policy affect the employment rate? Would it actually drive more people into poverty? To get a wider overview of the issues involved, you can download free books online to read.

The health care system. Although the US is one of the richest countries in the world, access to health care remains extremely unreliable despite recent attempts to reform the system. A recent report revealed that the percentage of people who were unable to obtain health care because of high costs increased to 13.7% in 2010 from 8.8% a decade earlier, while close to 2010 of adult Americans hadn t been able to see a doctor in the past year. In addition, more than 20% of adults had a medical necessity that went unmet in 2010. How can the health system be reformed to ensure greater access to health care? Reading free download books can help you learn more about the issues involved so that you can participate intelligently in the debate.

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