Why 0% Unemployment Isnt Actually a Good Thing

While on the surface it appears that a 0% unemployment rate would be terrific for the citizens of a country, having a small amount of unemployment is actually desirable. To understand why  we need to look at the three types (or causes) of unemployment. 3 Types of Unemployment Cyclical Unemployment is defined as occurring when the unemployment rate moves in the opposite direction as the GDP growth rate. So when GDP growth is small (or negative) unemployment is high. When the economy goes into recession and workers are laid off, we have cyclical unemployment.Frictional Unemployment: The Economics Glossary defines frictional unemployment as unemployment that comes from people moving between jobs, careers, and locations. If a person quits his job as an economics researcher to try and find a job in the music industry, we would consider this to be frictional unemployment.Structural Unemployment: The glossary defines structural unemployment as unemployment that comes from there being an absence of demand for the workers that are available. Structural unemployment is often due to technological change. If the introduction of DVD players cause the sales of VCRs to plummet, many of the people who manufacture VCRs will suddenly be out of work. By looking at these three types of unemployment, we can see why having some unemployment is a good thing. Why Some Unemployment Is a Good Thing Most people would argue that since cyclical unemployment is the by-product of a weak economy, it is necessarily a bad thing, though some have argued that recessions are good for the economy.   What about frictional unemployment? Lets go back to our friend who quit his job in economic research to pursue his dreams in the music industry. He quit a job he disliked to attempt a career at the music industry, even though it caused him to be unemployed for a short while. Or consider the case of a person who is tired of living in Flint and decides to make it big in Hollywood and who arrives in Tinseltown without a job. A great deal of frictional unemployment comes from people following their hearts and their dreams. This is certainly a positive type of unemployment, though we would hope for these individuals sakes that they do not stay unemployed for too long. Finally, structural unemployment. When the car became commonplace, it cost a lot of buggy manufacturers their jobs. At the same time, most would argue that the automobile, on net, was a positive development. The only way we could ever eliminate all structural unemployment is by eliminating all technological advancement. By breaking down the three types of unemployment into cyclical unemployment, frictional unemployment, and structural unemployment, we see that an unemployment rate of 0% is not a positive thing. A positive rate of unemployment is the price we pay for technological development and for people chasing their dreams.

Effects Of Alcohol Abuse On Adolescents Essay - 2258 Words

It is legal in the United States to consume alcohol once a person reaches twenty-one years of age. However, that does not necessarily mean that a person doesn’t drink at all before it is legal for them. In fact, alcohol is the most commonly abused substance by adolescents (Mason and Spoth 2012; Schwinn and Schinke 2014), and use has been on the rise in the past decades. Alcohol use has been shown to increase with age, typically with it peaking during late adolescents (Poulin and Denault 2012). It begins with early onset, usually before age thirteen. This can develop into problem drinking and eventually alcohol abuse as early as age twenty-one (Mason and Spoth 2012). This knowledge is shared with parents, who may then conclude that adolescent drinking is happening right under their nose. This is not always the case. In a study done by McGillicuddy et al. (2012), they looked at the agreement between parent and adolescent reports on the adolescent’s alcohol use. That is, they asked parents and adolescents to report on how much the adolescent drank and compared the reports. What they found was that reports were in â€Å"poor† agreement regarding if the adolescent used alcohol at all, and were â€Å"fair-to-good† regarding alcohol consumption. Oftentimes, the parent overestimated use or reported they were using when the adolescent reported no use. This helps to show that parents may overestimate their adolescent’s alcohol use. It does not take away from the fact thatShow MoreRelatedThe Psychological Effects Of Adolescent Substance Abuse1469 Words   |  6 PagesAdolescent substance abuse is one of the largest issues faced by our society today. According to Teenrehab.com, nearly 50% of all high school seniors have abused some form of illicit substance and according to National Institute on Alcohol Abuse and Alcoholism nearly 70% of 18 year olds have at the least tried alcohol. Many more adolescents are trying, and getting addicted to, drugs every year. In my opinion this is one of the most critical issues that we have to address as a society. Summary Response:Read MoreA Research Study On Alcohol Abuse836 Words   |  4 Pagesdeterminants of 8th and 10th graders’ alcohol abuse would be conducted using a nationally representative sample from the Monitoring the Future study to understand its pathways. It is expected that Bandura’s concept of â€Å"reciprocal determinism† related to Social Learning Theory (1978) and Life Course Theory (Elder, 1998) as developmental theory will help explain that victimization (a risk factor) as a direct or indirect predictor of adolescents’ alcohol abuse, as well as interpersonal relationshipRead MoreEssay on Adolescent Substance Abuse1656 Words   |  7 PagesHeader: Substance Abuse Adolescent Substance Abuse Dana Sweitzer Liberty University Abstract Adolescent substance abuse is a major problem in society. There are many risk factors that can contribute to adolescent substance abuse. One of the main risk factors is peer pressure. When adolescents start at a young age there is an increase in health problems, addiction, and over all poor social outcomes. Parental influence has substantial effect on adolescents because the adolescent sees their parentsRead MoreRelationship Between Alcohol And Parenting Styles And Alcohol Abuse Among College Students1707 Words   |  7 Pages Review of Literature The study conducted by Changalwa, C, Ndurumo, M, Barasa, P, Poipoi, 4 (2012) is on the relationship between parenting styles and alcohol abuse among college Students in Kenya. The purpose of this study was to see the relationship between alcohol abuse and parenting style. The study was based on Erik Erikson psychosocial theory (1950). The sample consisted of 32 respondents out of 1000 students who were sampled using purposive sampling wasRead MoreThe Effects Of Drug Addiction On Children1506 Words   |  7 Pagesbut it changes the lives of their family members as parents get torn apart from themselves and each other. The role of each family member begins to shape around what is in the best interest of the addict. This research paper is an overview of the effects that raising a drug addicted child has on parent’s ability to be competent parental figures. Drug addiction is a problem that is becoming much too common within families. As addiction rates have increased dramatically and drug related deaths areRead MoreThe Correlation Between Abused Adolescence And Addiction1152 Words   |  5 Pagesregards to his or her neurodevelopment. Adolescents believe that they are mature individuals with the ability to make intelligent decisions without any direction or guidance from anyone else. This is very alarming considering that the adolescent is very impulsive in his or her decision making abilities, instead of reasoning through the negatives and positives regarding his or her final decision regarding an issue or situation he or she is presented with. Adolescents are not always aware or concerned withRead MoreWhat Does The Strength Perspective Can Be Beneficial? Adolescents?1285 Words   |  6 Pagesadolescents relate to the clinician that is working with them. This could be because strengths based is a positive perspective that is meant to encourage and teach the teens how to cope. Strengths based perspective is also known to help open up adolescent’s ability to talk with their parents and can also decrease negative behaviors. After the five week treatment was complete the adolescent where asked to talk about their experience and what they liked most about the strengths based perspectiveRead More Alcohol and its effects Essay1479 Words   |  6 Pages Alcohol is a large part of American culture. All over the United States drinking is not only acceptable but a social norm from teenagers to adults. This is not only the case in the U.S., but all over the world, where some drinking ages are 18 and 19 years of age. In America specifically, alcohol has been around for centuries and is a large part of many social gatherings. Although this is the case now, in the early 1900’s during the prohibition period, all alcohol was banned and deemed illegal toRead MoreParental Supervision and Adolescent Drinking Behavior1591 Words   |  7 PagesI. Hypothesis. The purpose of this research is to find out if parental supervision has an influence in adolescents’ drinking behavior. II. Literature Review. Research suggests that parents play an important role in the lives of children. Some of these parents have a negative or positive influence on the lives of the children. Shin, Edwards, Heeren, Amodeo (2009) stated that in the United Stated nearly 3.3 million referrals were made to state and local child protective servicesRead MoreNotes On Adolescence And Substance Use Essay1291 Words   |  6 Pagesbefore adulthood. Risky behaviors can include drug or alcohol use or abuse (Broderick Blewitt, 2015). This paper will examine the relationship between adolescences and alcohol use, and the effect that alcohol have on the developing brain. As well as, how a healthy spiritual development can effect substance use in adolescences. In addition, it will discuss the issue of local drug or alcohol use, and examine the presence of drugs or alcohol within the community. Finally, it will examine and analyze

Introduction speech Free Essays

My name is Sally and I’m a full-time student in Aviation Management Services. It is an honor to stand here today, representing the class of 2014. First of all, congratulates to all fellow graduates for our success in TAP. We will write a custom essay sample on Introduction speech or any similar topic only for you Order Now The three years of hard work have finally paid off and now, we are ready to embark on a new chapter In our lives. How many of you still remember your very first day when you step Into the campus? Do you feel lost? Do you still remember when was the first occasion when you talked to that someone who is presently your closest friend? I believe many of you do encounter the problem of heart racing when you couldn’t find your classroom on your first week of school and was still struggling to try to get used to the new people and new environment around you. However, this tough period has past and in a blink of an eye, we have all got closer with our classmates and have together created tons of wonderful memories during these three years. I guess what I will miss most after graduation will be the times here I had to rush for project deadlines with my group mates. It was almost every week that we had to stay back after school and also, spending countless sleepless nights to complete the projects. Indeed, it was a stressful period of time, but it trains us to work as a team and the sense of achievement and satisfaction after submitting a project that was well done is really indescribable. 4 Our time in TAP has been truly a great experience. The significant milestones that we had made were truly memorable. Recall back to the first orientation camp that we .NET to, our first presentation inferno of the class and our final year internship and major project has really shaped us to who we are today. A wise man once said that a journey Is best measured In smiles, rather than miles. I believe I wouldn’t be what I am currently without the advice and support of many of the people here today. On behalf of Class of 2014, I would like to take this opportunity to thank all the lecturers, tutors, family and friends who have supported us throughout the previous three 5 As we move on to the next phase of our lives, remember that graduation arks the end of one entryway and the opening of another. The future may be uncertain and surprise us, but here’s some advice from Harvey McKay. He said: ‘ Find something you love to do, and you will never work a day in your life. † That is pretty much(virtually) what TAP taught me as well, ‘ Love what you do, and you will be doing what you love. ‘ As we spread our wings to take off higher, let’s all remember that we have come this far through hardwood, cooperation and discipline. Thank you ladies and gentlemen and to my fellow graduates, Happy Graduation! How to cite Introduction speech, Papers