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Essay / Research Paper Abstract
A 5 page paper looking at what is really happening with the unemployment rates in this country. While Europe hovers in double digits, unemployment is at its lowest here in 24 years. The result has been a pronounced labor shortage in the lower-paying industries and an increase in hourly rates. As employers of mostly-skilled workers begin to cut back, employers of the relatively unskilled find themselves with a new and more qualified labor pool, leaving the bottom end of the spectrum out of jobs once again. Bibliography lists 5 sources.
Page Count:
5 pages (~225 words per page)
File: D0_Unemplyd.doc
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Unformatted sample text from the term paper:
prime rate topped 20 percent. Businesses were under pressure from all sides but the competitive, and that was beginning to build. The large automakers had already faced their
nemesis in the Japanese automakers who provided high quality at lower cost, which the American car-buying public had gone to in an effort to ease their own economic woes. Ronald
Reagans "trickle down" economic plan was long- and loudly blasted in the liberal press as being in favor only of business and the wealthy, but Reagan was right on track
with his theories: give those with the money some tax advantage of being in business and they will create the jobs America needs. The point was to bolster
the economy, but also give healthy adults the responsibility of supporting themselves rather than having the government do that small task for them. It worked. Despite cries of harshness
and heartlessness for the poor unemployed people of the country and the working poor bearing a heavy tax burden while the wealthiest of Americas citizens were given tax breaks so
that they were not required to endow the government with high tax rates that resulted in many cases of many of the wealthy but poorly tax-planned paying in excess of
50 percent of their annual gains to the incredibly inefficient government. The unemployment rate began to ease as Reagans trickle down economic plan did indeed begin to work, with
the ultimate effect of returning America to work. In April, 1997, the unemployment rate dropped to 4.9 percent, the lowest rate seen in this country for 23 years. By
June, the rate had dropped another 0.1 percent to 4.8, resulting in breaking a 24 year old record. Since then, the unemployment rate has since fallen even further, to
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