Free U.S Poverty Rate Drops For The First Time Since 2006 Essay Example

It is believed that U.S poverty rate has dropped to a significant level from 2006.The state’s poverty rate declined to 14.5% in the year of 2013, and this figure was sliding from 15%, that was a year before, as one of the Census institutes reported deafeningly. This is the foremost statistically noteworthy drop in poverty ever since 2006, when it was nearly 12.3%.
It is reported that the percentage of Americans living in poverty declined for the first time since 2006 last year, 14.5% of this population, lived below the poverty line in 2013, down from 15% in 2012. Similarly, the percentage of kids under the age of 18-19 existing in the poverty line reduced to 19.9% in 2013, which is less from 21.8% the previous year. It was the first recorded drop in childhood poverty ever since 2000.Correspondingly, the average  earnings for young people from age 15 - 24 moved to  the level of 10%, the foremost boost ever since 2006. In addition to this, older people observed their average earnings increase nearly 4%; this was the foremost boost ever since 2009.
In conclusion, it is believed that U.S economy faced a drop in the poverty rate for very first time ever since 2006.

Do you think U.S is doing everything it can do to reduce the unemployment? Why or why not?

Yes, United States government is taking uncompromising steps to reduce unemployment as it can be observed that the difference between reported unemployment and actual un- employment remained at a constant level ever since 1994.Additionally, government is seeking the steps to reduce and sustain poverty rate which is on a decline since 2006. For this reason, Americans are getting safe environment, fiscal relief, new jobs and more facilities as the unemployment rate dominantly affects the poverty rate in the short run.

What’s your opinion for this decline in poverty?

In my opinion, the decline in poverty is due to strict changes in the labor market, more globalization and technological changes that ultimately contributed their share to the poverty reduction.

Do you believe this will continue?

As soon as current policies and strategies will continue for unemployment, this reduction in the poverty rate may continue, in the long run.

Is the China’s economy really the largest in the world?

International Monetary Fund (IMF) has flagged up the critical indicator of China’s economy. These calculations and conclusions are based on the figures by taking purchasing power parity (PPP), which shows actual comparison of how much a country can buy in different countries with its money. Additionally, the greatest economic news was the PPP of China that passed the U.S economy for the first time in the international trade. What's more, it is estimated that the Chinese economy has worth of $ 17.6 tn, which is little higher than the U.S economic worth, announced by IMF. This is the very first time in the history after 1872 that United States economic worth stands behind China.
The Chinese economy is now worth $17.6tn, slightly higher than the $17.4tn, the International Monetary Fund (IMF) estimates for the US. The IMF calculated and projected figures sort out more value for China than America.

Do you think its short-term gain or a long term success?

There are dual opinions about the arguments but in my outlook, China will hold the position for the short time as various forecasts signify this marker. Also, there are many reasons for it. First of all, IMF figures that forecast more financial growth for China than USA in coming years. Secondly, IMF figures are based on PPP-based calculations and lastly there is negligible difference of the economic worth, i.e. $17.6tn of China and $ 17.4 of U.S.
Additionally, U.S has sustained the top mark for more than142 years which holds a great history of efforts, for this reason China may not be proficient to match that record so easily. In addition to this long-term monetary forecasts from the IMF and other organizations indicate that India may pass the both countries in the coming next years.

American cars: How to keep winning

Americans have developed extensive market of cars; they can keep winning by offering competitive products, by reducing bad habits in car making and offering good products in the market.
Can the U.S. pass the Japanese in auto sales?
Yes, it is obvious from the historical win of U.S over Japan but U.S has to make profound efforts to sustain the victory for the long time
Should the U.S. commit millions in resource for border control? What are the economic benefits of securing our borders?
Yes, U.S must commit resources for border security and control because people cross the border illegally for work, job, opportunities, transfer drugs or other illegal imports, even risk lives by crossing Arizona’s Desert. Securing border will save life of innocent people and will provide legal transit for people and goods, more legal trade and related revenue. This will ultimately improve life standard of the people.
All students are tomorrow’s leaderswhat do you think the U. S. government should do?
This is right that all students are leaders of tomorrow. U.S must take ownership to develop these students so that they become shining stars of the world and U.S will lead the world once again. Similarly, better opportunities for students, training, good career, innovation and renovation in learning techniques will aid the prospect. Likewise, U.S government must cultivate and carry future thinkers and leaders in order to get maximum output for the country. This is an investment that will bring great revenue in the coming days.
Do you believe the U. S. auto industry is headed in the right directions?
Yes, it is motivating for more and more foreigners to buy and invest in this market in terms of capital investment, good cash flow and a smart return from the investment.