1) Compared to the rest of the world I would predict that America’s wealth would rank pretty high. I don’t believe it is the highest, but I would say it’s in the top 10 in the world. I believe that most Americans would think very highly of their wealth status, just by the large amounts of patriotism in this country.
2) I am not very surprised by these findings, which discussed how the U.S.’s middle class is steps ahead of other countries, in that the U.S. is already seen as a very wealthy country and many other counties look to the U.S. as the standard for economic success.
3) I find these conclusions surprising in that I would have never expected America’s poor to be some of the poorest around the globe. The fact that the U.S. is lower than Canada and Sweden in call categories that ranked the level of poverty, is very shocking considering the great economic success that the country has seen in recent years.
4) Most of the wealth without work principle is seen in America with those who refuse to work. Many Americans chose to sit at home and live off of government benefits, which overall hurts society. This is also seen in the large percentage of Americans who chose to play the lottery very often, furthermore putting no effort into earning/winning money.
5) I do not believe that the U.S. should raise the minimum wage because it would mainly hurt the smaller businesses. A raise in minimum wage would force the companies/businesses to have to allocate more money to the workers, causing less money to be spent on things that businesses need to keep customers coming back.
1) In comparison from a global lens, I would predict that the United States would be quite highly ranked in wealth. With agreement with Reagan, no, the U.S. in my thoughts would not be particularly the best, but quite wealthy. The U.S,'s standard of living is pretty high and a poor person in the U.S. has more resources than per say a poor person in South Sudan in Sub-Saharan Africa. I believe that most Americans would rank themselves with medium wealth (middle class) due to being "comfortable" with their wealth status.
2) I am not surprised at all with these findings because the U.S. is an overall privileged country and you can have access to many more resources and opportunities there than most countries. The U.S. has a very high social mobility rate.
3) I find these findings very peculiar because I had no knowledge on the fact that the United States' poor people are one of the most poor on the globe. It boggles my mind that the U.S. basically lets the poor people let out to dry.
4) The wealth without work principle seen today in America is seen in those who get things handed to them. For example, some may not finish high school or work hard in their education for a better future due to their parents possibly having a family business and that person can just rely on that as their way of life and not have to work for it.
5) The minimum wage should not be raised. The higher the amount of money the businesses have to spend on employees, the less amount of employees there will be, especially in mom and pops businesses. Also, if someone quits, there will most likely not be enough money to pay for someone else, so that will put more labor-intensive activities on the ones who do work there, getting not enough money for what they work for. I would also like to add hat in order to raise more people from poverty and have a job, you have to keep the minimum wage low because that creates more jobs meaning more opportunities and less unemployment and a more booming economy.
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I believe in Anna-Grace's opinion on America's economic stance, because I do think we are higher up being a more developed country and do have a good standard of living but we are not the top because we have some economic issues.
1) I think America is close to the top ten in GDP per capita, but there are definitely some countries that have made significant economic gain over the last couple of years which are probably ranked higher. I think most Americans are unsatisfied with their current economic situation because people always want their children to become more successful than them; therefore they must not be content with their wealth status.
2) I was a bit surprised that America’s poor was considered to be middle income in some less developed countries, but I wasn’t surprised that the middle class requirements in America are higher than those of other countries. This may be because of the high cost of living which causes people to naturally make more money solely so they can live comfortably.
3) I was surprised to see that America’s poor are considered to be some of the poorest people in developed countries. Compared with Norway, America’s poor is extremely poor and can barely afford anything. Canada is very similar to Norway in that they have poor people but compared to poor Americans, they aren’t very poor at all.
4) Wealth without work can be seen today by people who don’t have a job so they instead stay at home and play the lottery and hope to win any money. Most people who can work do work and earn a salary, but some people who can work choose not to work and instead play the lottery or find other means of earning money.
5) I think we should raise the minimum wage because raising it would overall help workers to earn a fair wage that is realistic to the current standard of living. Raising the minimum wage would hurt smaller businesses and increase unemployment but it would make the job market more competitive and desirable, so people will work harder to get a job and earn a better salary.
I disagree with Grace’s point that we should raise the minimum wage off of the basis of people “working harder” once they receive this pay increase. I do not believe that the automatic increase across the country would make those citizens in middle class America work harder. Although some will, I do not believe that it is enough to raise the minimum wage because the smaller businesses would take a larger hit than anyone else which would furthermore hurt the workers.
1) I think that America is pretty wealthy, but it is definitely not the wealthiest country in the world. I think they would be in the top 15 because there are a lot of countries that are extremely wealthy due to their abundance of natural resources such as petroleum. I believe that other Americans would believe that the U.S. is very wealthy because there tend to be a lot of nationalists who have extreme pride and believe that the U.S is the best at everything.
2) It is well known that the United States is a wealthy country, so it was not surprising to see that the middle class has higher incomes than other countries. Also, the U.S. is a very fortunate country, so the it would be expected that the middle to lower class would be more wealthy than the middle to lower class in less-fortunate countries (like in Sub-Saharan Africa).
3) It was surprising to find that the Americans living in extreme poverty can be compared to other people living in poverty in different countries. Since many people consider Americans to be fortunate, I thought the Americans living in poverty would be more fortunate than others in other countries, but this is not the case. Another thing that was surprising was the comparisons. The gap between the U.S. and Canada was even bigger than expected. I expected them to be similar, but this shows that the poor living in the U.S. are easily comparable to the other poor people around the world.
4) Today, wealth without work is exemplified in many different ways. Since the U.S. is a very wealthy country, there are many millionaires who pass their wealth to their children. Their children would not have to work for the money at all. They would have so much money given to them by their parents that there would be no need for them to get a job and work to earn a living. Another example would be people purchasing lottery tickets in hopes of winning and becoming instantly rich. These people don't put in any effort or dedication to become wealthy, which leads to them often taking everything for granted.
5) The U.S. should not raise the minimum wage. It may seem like a good idea to help people escape from poverty, but in reality it is taking away jobs and negatively impact smaller businesses. Cheap labor is extremely popular to all businesses, but raising the minimum wage would actually lower the number of jobs available. The smaller businesses would not be able to adjust to the higher wage fast enough since they would have to pay all of their workers at higher prices. This could lead to these businesses even cutting some of their workers to save money. They would not be able to hire more people or even hire new people to replace the workers that decide to quit. With a smaller number of workers, the smaller businesses would have less profit and would eventually have to shut down. To prevent smaller businesses from being harmed, the minimum wage should not be raised so that more jobs are available as well.
I completely agree with Hannah about not raising the minimum wage, and with her reasons why. Small businesses are often the people who hire those who would likely be unable to receive jobs, and by not allowing them to pay minimum wag, they will eventually have to shut down due to lack of funds which will hurt the economy more than help it.
I strongly agree with Hannah’s point that raising the minimum wage would cause some small businesses to cut some of their workers. Although at first the increased wage would help the workers, as mentioned by Hannah, the end result would be businesses having to compensate for more money being put towards the workers pay which hurts everyone. I also agree with Hannah’s point that it is hard to believe that those who are poor in America can be evenly compared to those who are poor in less fortunate areas of the world, because of the great wealth that this country has.
1. I think America's wealth status would be relatively high, but maybe not as high as everyone thinks, meaning we would be towards the top, but not the highest, because our country and government has billions of dollars worth of debt and continues to pile up more and more each year. However, most of the people I've talked to believe America is at the top in everything, from military to economy rankings, in a way of thinking America is superior to any other country, so I would imagine that is the viewpoint of the majority of Americans that we have the best economy in the world.
2. The article completely describes the majority of Americans do live well and safe financially compared to people in most countries, and that someone who was doing "bad" financially in America might actually be doing decently well in another country, further concluding Americans are wealthier than they may believe they are and live much more comfortably than people in other countries, and this came as no shock to me.
3. I am genuinely not surprised about the findings that Americans are poor, even on global standards, because there are not enough funds going towards these people, and the American government likely would rather invest more in companies than the people living in its borders. research from this site showed people living in poverty in America are living just as bad as those living in poverty globally, which did surprise me, because we are a more developed country, yet we have people living in America in just as bad conditions economically as someone living in a less developed country.
4. As a society, we often see people finding ways to achieve wealth, or at least enough money to stay alive, without lifting a finger for it. Especially in America, we constantly find people living off of government welfare checks to afford the many children they have and lack of a job and significant other to help them financially. Rather than getting their lives together and try to make money for themselves, they feed off of the government and get money and possibly even disability checks when they do not have a disability so they do not have to work for their money.
5. I do not think we should raise minimum wage, because if we did, many companies would no longer be able to afford to pay their staff, and start letting people go and not hire new people. If that happens, it would be even worse for the economy, because working every say and making minimum wage is still better than never working and making no money at all.
I agree with Sydney's point that raising the minimum wage would harm many companies since they would not be able to afford to pay all of their workers. The companies would not be able to hire new people due to increase in minimum wages, and that would mean that less jobs would be available to everyone. Just like Sydney mentioned, working a minimum wage job is better than making no money at all. Raising the minimum wage will take this option away from the workers.
I agree with Sydney’s claim about the people who live off of the support of the government. These people get money from the government when they aren’t doing enough work to match the amount of money they are receiving.
1.America’s wealth is very high in comparison to most other countries, but not the best of the best. I would predict America ranks from 5-10 in wealthiest countries. I think most Americans view themselves as middle class compared to other Americans, even if they are in the working class. Internationally, Americans most likely realize that they’re a lie more wealthy than average, even if their in the working class.
2. It does not shock me, considering that America is a first world country. Coming from a poorer country and taking classes like ap human geography let me realize how good the standard of living is here in America.
3. These findings actually came as a surprise to me, because I thought that we had adequate programs for the poor but as the article said “America’s poor are poor by global standards because we’ve decided to leave them so.” I still agree more with the first article because it’s comparisons were more worldwide, while the second article compared America to very well off countries like Norway.
4. America’s society in particular has many different kinds of “get rich quick” schemes. I think the most obvious example is the lottery, but one that is becoming more prevalent is tied with social media. Many people purposely try to get money off of doing something problematic or controversial by gaining popularity from it.
5. I think that minimum wage should be a living wage. Although this can have negative and complicated effects on inflation and small businesses, it is still needed. Current minimum wage workers are essential to running important areas with goods and services and services, these jobs might not require a college degree but they are needed. I think it’s unethical to subject someone (especially in a first world country) to dedicating anything over 1/3 if their life (8 hour shift) to trying to meet their basic physiological needs. Also, the money will end up being used elsewhere for the same cause, like food stamps for minimum wage workers who cannot afford meals because they do not have a living wage.
1) I believe that America would be ranked about 6 or 7 just below countries like Sweden and Canada. Most of the american youth does not understand this wealth and even some american adults, we may take for granted what we actually have compared to other countries.
2) I am not too surprised, America is a very wealthy country and has a high standard of living.
3)I am not surprised by this, having done food drives and other volunteer activities to help the poor, I know that America poor is a lot poorer, if that's a word, than other countries.
4) People must work to obtain wealth unless their parents are rich and willing to give their children money. Billionaires like Bill Gates, refuse to give there children inheritance of their money, because they want their children to work for it the same way they did. Kids whom are given this without question, are considered spoiled and unruly.
5) I don't think minimum wage should be raised. If it is raised we will be faced with the same results as the first time it was raised. the living wage will raise as well due to inflation.
This is where students will live chat with one another about the text. Each post is a different night with a variety of questions.