Monday, March 10, 2014

Chapter 6

The phrase "jobs are created anytime an individual provides a new good or service, or finds a better (or cheaper) way of providing an old one."really struck me about the usefulness and power our generation has and that the United States luckily already possesses, and that is productivity. Our country is more productive, as Wheelan said, immigrants are not permanently a problem for our economy and they can find jobs, because there are jobs. Yes things may be unequal but could a society function without people who work the minimum wage jobs? But why can't they earn more? Because, to their disadvantage, they do not possess the skills or probably education to be available for jobs beyond that. Ideally the only people that would be working jobs that required lower human capital would be high school and college aged kids (yes that presents other problems but this is hypothetical) instead of adults trying to make a living working at fast food chains. But these adults who do work these jobs probably invested less in their education and future, and that has what has left them there.

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