.... students is up this year by over 20%.� All engineering jobs are paying well, proving that highly skilled labor is what employers want! “There is clear evidence that the supply of workers in the [unskilled labor] categories already exceeds the demand for their services,� says L. Mishel, Research Director of Welfare Reform Network. In view of these facts, I wonder if these trends are good or bad for society. “The danger of the information age is that while in the short run it may be cheaper to replace workers with technology, in the long run it is potentially self-destructive because there will not be enough purchasing po .....

.... government provides, including generous payments of unemployment insurance and other social services; but also to the high payroll taxes; and the under performing Canadian economy. There is no single reason for the persistent gap in the unemployment rates of Canada and the U.S., but rather a combination of the above factors. "No society can be flourishing and happy, of which the far greater part of the members are poor and miserable." (Adam Smith) This is the theory behind the creation of social services such as unemployment insurance and welfare payments in many countries. The Canadian government provides a substantial "social safety .....

.... a two year period because of the Grand Prix if not for the race. By Albert Park getting the Grand Prix created between 1000-1500 new jobs. The Grand Prix will promote Victoria on an international scale with international press, television and media caring out a world wide coverage of this event. This could convince people to come and visit Melbourne and would also be a major tourism boost. Approximately $23.8 million has been spent overhauling the park and upgrading the Lake side track. They built better fences and barricades to help protect spectators in case of a crash, and the track is said to be the safest and finest in the world, .....

.... up this year by over 20%." All engineering jobs are paying well; proving that highly skilled labor is what employers want! "There is clear evidence that the supply of workers in the [unskilled labor] categories already exceeds the demand for their services," says L. Mishel, Research Director of Welfare Reform Network. In view of these facts, I wonder if these trends are good or bad for society. "The danger of the information age is that while in the short run it may be cheaper to replace workers with technology, in the long run it is potentially self-destructive because there will not be enough purchasing power to grow the economy," M. B. .....

.... economics" because he was the first to accurately describe some of the causes and cures for recessions and depressions. In a normal economy, Keynes said, there is a circular flow of money. My spending becomes part of your earnings, and your spending becomes part of my earnings. For various reasons, however, this circular flow can falter. People start hoarding money when times become tough; but times become tougher when everyone starts hoarding money. This breakdown results in a recession. To get the circular flow of money started again, Keynes suggested that the central bank, the Federal Reserve System, should expand the money sup .....

.... Market Theory (EMT) is based on the premise that, given the efficiency of information technology and market dynamics, the value of the normal investment stock at any given time accurately reflects the real value of that stock. The price for a stock reflects its actual underlying value, financial managers cannot time stock and bond sales to take advantage of “ insider� information, sales of stocks and bonds will not depress prices, and companies cannot “cook the books� to artificially manipulate stock and bond prices. However, information technology and market dynamics are based upon the workings of ordinary people and diverse or .....

.... opportunities for the young, unexperienced, and those people with educational disadvantages. They will continue to find themselves handicapped in the job market as long as the minimum wage legislation remains in affect. In society today the demand for "unskilled" workers is low and the supply is high, therefore there is a surplus of unskilled workers in the job market. The effect of a surplus drives down an individuals reservation wage, as they are willing to do and take anything for work. Minimum wage only makes this fact more severe, as it increases the supply of workers. Minimum wage increases the cost of doing business, and unfortun .....

.... president Reagan and the G5 have signed an agreement with Japan called "Plaza Agreement" , the agreement stated that the exchange rate of Japan and Deutschmark can appreciate against the U.S. . Since then the yen value began to appreciate, Japan was going through a period of trade balance adjustment. While Japan is prepare to go through a period of trade balance adjustment, it will also suffer a period of recession, so the government strongly encourage business activities to strengthen the economy in order to prevent backwash effect. It was this event which boost up the GNP and raise the exchange rate. With this exchange rate advan .....

.... From 1780, it took Great Britain 58 years to double its real income per head. It took America 47 years to double in the 1800's while Japan took 34 years from the late 19th century. Finally, South Korea was able to double its real income per head in an amazing 11 years from 1966. It would seem that the later a country has industrialised, the faster it has been able to do so. Another important factor is the degree to which a country is behind the industrial leaders. In the case of the East Asian countries, South Korea and Taiwan, both started out with an extremely low income per head. This allowed much faster growth when copying the lead .....

.... leading to an increasingly rationalized world. The process affects all aspects of our everyday life. Ritzer suggests that in the later part of the Twentieth Century the socially structured form of the fast-food restaurant has become the organizational force representing and extending the process of rationalization further into the realm of everyday interaction and individual identity. McDonald's serves as the case model of this process in the 1990's. ...McDonaldization,...is the process by which the principles of the fast-food restaurant are coming to dominate more and more sectors of American society as well as of the rest of the world. .....