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Essay / Research Paper Abstract
This 7 page paper evaluates this 2006 book on the problem with the economy. Both sides of the issue are explored. Bibliography lists 3 sources.
Page Count:
7 pages (~225 words per page)
File: RT13_SA913h.rtf
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Unformatted sample text from the term paper:
feeling the pinch. Why is that? Pethokoukis (2006) remarks: "Its the great paradox of this political season: The U.S. economy has expanded for nearly five years, but Americans remain pessimistic."
Then he goes on to explain how Yale University professor Jacob Hacker claims that people are worried about losing their jobs as opposed to being happy for the ones they
have (Pethokoukis, 2006). The ideas related to this paradox touches on many good points. After all, if Americans are richer, why are they so worried? At the time of the
writing, the market was still robust. Today, in 2009, one is not surprised by all the fear. The layoffs are real and not something people are just talking about. Hackers
(2006) book delves into fear but provides ways to measure it through his address of various topics. Pethokoukis (2006) goes on to hone in on Hackers conclusion, which is
that income volatility is the cause of that insecurity. It is true that in the past, people would get jobs and expect to retire from those jobs after decades of
work. Today, not only are people not anticipating staying with one company for 50 years, they do not even expect a retirement package or adequate benefits. People try to get
jobs at companies with good benefits, but as time goes on, benefits appear to be a luxury and not something that just comes with the territory. To some extent, it
is perception that is the culprit. Psychology plays an extraordinary role. In examining Hackers (2006) positions, there are many areas that he touches on such as health, benefits, education,
and retirement. In regard to health for example, the author focuses on health insurance. He explains that during the past quarter century, there has been a decline in the number
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