Tuesday, December 17, 2013

Socialism, capitalism + Communism simularities and differences

Despite there being many differences between socialism, capitalism and communism there are also several similarities. First I should explain what is one "means". When talking about schooling systems in each of these groups each kind of goes their own way. In Socialism they are semi private and semi public, meaning that there are some of each types of schools.in social people are given options for their schooling, and anyone can attend a school if they have money for a private or if they decide to go to a public. The people can decide for themselves what they do as a career, how long they go to school, and if they go to a public or private school.  but when you look a communism it's quit the opposite. schooling in a communistic country is only public, the government controls what career you pursue and people in the schools normally have to wear uniforms. this keeps everyone at somewhat of a "equal" or even standpoint. there a bit less freedom in choices and a lot more control from the government. Even thought Socialism and Communism are so different they have some similarities such as they both have public schools for kids and some schools within a socialistic country wear uniforms. another one to compare these to is capitalism. Schools in Capitalistic country's don't care if you attend school or not, they don't believe everyone should go to school. Also these school systems make you pay for any schooling. so only people who can afford proper education are able to go to school. Schooling in Capitalistic country's are quit similar with Socialism. Similarities between these two would be freedom in career choices for these who attend schooling. but for those who don't go to school are stuck working in low pay jobs, and do have as much freedom in career choice. In the end Socialism, Capitalism and Communism are all giving people the option to go to school if they have the resources to do so.

Tuesday, December 10, 2013

Lemonade !


It was $1.09 per cup for me....  The variables in play with my lemonade stand are the sugar, lemons, ice, cups and water. Within these variables i have one constant which is the cup. The rest of my items are perishables. 


Monday, December 9, 2013

Minimum wage

I disagree with the idea of raising minimum wage. The only thing raising the minimum wage does for people below the poverty line is make it harder for them to get a job if they ever decide they want one.  Workers must bring at least as much value to the firm as they are paid or the firm will fail and all jobs will be lost.

"It is estimated that less than 15% of the total increase in wages resulting from an increase in the minimum will go to people below the poverty line and less than a third of those receiving the minimum wage are families below the poverty line.  Most minimum wage workers are from above median income families." So, most of the people benefiting from the minimum wage are not the intended targets of the “anti-poverty” aspect of raising the minimum wage. This is a direct quote from Forbes.com and usnews.com agrees. They say " Minimum wage workers tend be young and unskilled. Less than half of workers under the age of 25 are currently employed and many rely on low paying opportunities to get their first break." Worrying about the "poor people"  is where raising minimum wage is supposed to hold its concerns. If you won't benefit the majority of people below the poverty line where is the desire to have it. The risk it brings such as raising prices on a lot of daily things, lowering the value of the dollar, and driving our country into worse debt.   
         According to truth-out.org "Even the higher estimate of a 0.4 percent rise in price level with a 10 percent minimum wage hike suggests that a typical COLA adjustment to the minimum wage rate would only push up the price level by 0.1 percent. Recall that this amounts to adding just one dime to a $100 price tag." This is the risk of inflation if we were to hire the minimum wage. 

Sources: 
-http://www.usnews.com/opinion/blogs/economic-intelligence/2013/03/11/raising-the-minimum-wage-wont-help-the-poor
-http://truth-out.org/news/item/14050
-http://www.forbes.com/sites/williamdunkelberg/2012/12/31/why-raising-the-minimum-wage-kills-jobs/

Wednesday, December 4, 2013

explanations

        A stock is a risk, it's buying a piece of a company and claiming that companies assets and earnings. a stock is putting your money into a company hoping that company does well.
        Dividends are the dollars amounts in which each share receives.
        Trades are negotiations between two or more people or groups to switch or trade across something like goods or services, trading for something in another persons possession.