ipl-logo

2004 To The Year Trend Analysis

427 Words2 Pages

In the year 2004 to the year 2017, many everyday item prices have changed dramatically because of inflation. This makes many items cost much more than what they should cost. For instance, bread and eggs are big examples. There could also be a price difference because of the variety of brands, and the brands trying to compete. This could later affect our society by prices going up, and the prices being too high for items that we need to survive. Overall, many prices are changing from the past more than they should. In 2004, bread was only about $1 and eggs were about $1.30. These prices were great for people who had minimum wage which was only about $5.15. Some famous songs in this year were Yeah!, Dip It Low, Drop It Like It’s Hot, and Game Over. Some popular people who were born in 2004 were,” Annie LeBlanc, Sofia Wylie, and Evie Clair”(famousbirthdays.com). Additionally, some popular video games from 2004 were HALO 2, Doom 3, and Fable. All in all, 2004 was a great year with very fun games, and many low prices. …show more content…

This year, bread costs about $2.50, and eggs are about $2.00. These prices have gone up a lot from the year of 2004, and so have many other prices. Minimum wage now is $10.50 which has gone up SO much. Some famous songs are Shape of You, It ain’t me, Look What You Made me Do, and Swish Swish. Also, some popular people are “Jenna Ortega, Becky G, Miranda Cosgrove, and Kylie Jenner” (famousbirthdays.com). Furthermore, some popular video games are Prey, Call of Duty WWII, and HALO Wars 2. To summarize, 2017 is a great year but the prices are a little too high for me but they will only keep growing higher and

Show More
Related
743 Words | 3 Pages

This could increase some products to raise prices by one to three cents to the nearest nickel, but this would be counterbalanced by some products lowering their prices by one to three cents to get to the nearest

Read More
583 Words | 3 Pages

The global demand for gas has increased and so have the gas prices increased at the pump. Gas is important for everyday life and the cost should NOT be increasing. Big business would argue that gas prices are not the sign of a declining or struggling economy. They say that the fluctuation is natural and necessary to keep trade ongoing and competitive.

Read More
505 Words | 3 Pages

This is evident in the simple supply and demand graph; as price goes up, supply will increase as more suppliers will be willing to supply at a high price, but the demand will decrease due to the high price, causing a surplus of products. A real life example would be the milk industry in the United States, where governments put a price floor above the equilibrium price to support the suppliers, causing a great surplus of dairy products. Another example is the San Francisco Earthquake in 1987, after the disaster the demand for bottled water increased drastically, causing a right shift of the demand curve in the market of water, however the supply of bottled water also decreased due to damaged pipes, therefore the price of bottled water increased. Many other suppliers may sell bottled water at that time with a very high price, this is called price gouging. High prices often does two things that benefits the economy, one is that it encourages the consumer to conserve the product and not waste it, the other is that it encourages suppliers to supply when a product is

Read More
710 Words | 3 Pages

Or going way back through the annals of history to 1936 where a loaf of bread would have cost only 8¢. In todays currency these costs have increased, in some cases, up to 50 times their original

Read More
718 Words | 3 Pages

Carl Sagan once said, “If you make an apple pie from scratch, you must first invent the universe (2).” This can be seen in all aspects in life, like literature. If you want to create a book you must first create the universe, then the trees, then the machines to make the paper, and the printer to print it, and so on. In The Sun is Also a Star, Yoon shows that the main characters are guided by fate when Daniel and Natasha first meet, when they mysteriously got to spend more time together, and how they are a perfect match. Throughout the novel, everything is controlled by fate.

Read More
565 Words | 3 Pages

Prices also went up because people that were selling products wanted to make more money. Prices were going up people couldn’t afford to buy food most of the time. “ There is no cause to worry. The high tide of prosperity will continue”, said Andrew W. Mellon,. Trading throughout the countries became a loss because of their lack of wealth.

Read More
569 Words | 3 Pages

People are feeling squeezed financially because they are only able to, or barely able to meet their needs. To put into perspective how costs have increased but pay rates have not, is a static by CNBC. CNBC states, “the average household income in the U.S. saw just a 16% increase over the last fifty years. In comparison, housing costs increased by 190% and college tuition shot up by nearly 264% in the same time period” (). This rise of the cost of living and expenses has limited the amount of savings or energy funds people are able to

Read More
407 Words | 2 Pages

In a minimum wage increase to $10.10 like Obama wanted that would raise the national ratio to 50 percent. In San Francisco they raised minimum wage up to $10.74 and that has made the 40 percent city median wage. In February of 2013 Obama raised the minimum wage and one month into doing that the economy raised and got better for workers and

Read More
646 Words | 3 Pages

Ever since then, the actual value has steadily decreased while the minimum wage has increased (A History of the Minimum Wage, 2014). This means while Congress has been alleviating the minds of American workers by increasing the minimum wage, the actual value has been decreasing to where it is now. Over the years, people earning at or below the minimum wage have slowly lost their purchasing power while their productivity has risen. Per the Economic Policy Institute, if the minimum wage had been raised according to the productivity output, it would be $18.42 in 2014 (Mishel, L., Gould, E., & Bivens, J, 2015). This would put

Read More
155 Words | 1 Pages

This is demonstrating that not only food in general is going up, but even what we know as poor people food is increasing its prices. If people can’t make enough to even get enough money for food.. what makes them think they can survive in a new and improved

Read More
667 Words | 3 Pages

Not everyone is making the same amount of money, and the high prices are not fair to anyone. Having to raise prices would not be beneficial for anyone, if anything, it makes things much more

Read More
885 Words | 4 Pages

And on April 1, 1991, the minimum wage hit an all-time high of $4.25 an hour as explained by Lawrence Katz (6). In his findings regarding his article, Lawrence Katz states that "the evidence on employment and price changes does not seem consistent with a conventional view of the effects of increases in a binding minimum wage” (20). By this, Katz is trying to state that even though the minimum wage increased in the early 1990s, the increase had an adverse effect in which employment to the fast food industry increased in Texas, where he conducted his research. He also concluded that the changing in prices in the businesses he researched were not directly associated the minimum wage increase. Looking back at this research, it seems as though the constant increases in the minimum wage shows how strong our economy has become.

Read More
1633 Words | 7 Pages

With the minimum wage increased, these stores will be forced to compensate for the extra expenses by increasing the price of their products (Clark). A study by Purdue University discovered that raising the minimum wage to $15.00 per hour would raise the cost of food served by restaurants and fast food vendors by 4.3% (Minimum Wage - ProCon.org). Additionally, NBC News found raising the minimum wage in Oakland, California to $12.25 resulted in a price increase of coffee by 10% to 20%, and by 6.7% in Chicago after the minimum wage was increased to $10.00 (Minimum Wage - ProCon.org). The same theory applies to all businesses that hire minimum wage employees. As a result of price increases, the amount available in a buyer’s disposable income will decrease and they will be unable to afford their previous lifestyle.

Read More
1614 Words | 7 Pages

Polar bears were the biggest and most feared predator in the North Atlantic, until recently. This paper will explain what is happening to the polar bears due to the melting ice caps, what the result of this is and how that is going to change the entire region. It will focus on primarily three factors; climate change and CO2 production, the invasion of killer whales (Orcinus Orca), and how the invasion into the north will effect human civilizations. Introduction The world’s climate is changing rapidly.

Read More
1729 Words | 7 Pages

Inflation is divided into two categories Cost-push and Demand pull inflation: Cost-push inflation means that prices have been hiked up by increases in costs of any of the four factors of production such as (labor, capital, land or entrepreneurship) when companies are already running at maximum production capability. With higher production costs and productivity at it maximum, companies cannot maintain profits by producing the same amounts of goods and services. As a consequence, the increased costs are passed on to customers, causing a rise in the overall price level (inflation). Demand-pull inflation occurs when there is an increase in collective demand, categorized by the four sections of the macro economy: governments, households, businesses and foreign buyers.

Read More

More about 2004 To The Year Trend Analysis

Related Topics

Open Document