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Unemployment In America Essay

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Unemployment rate is said to be one of the indicators of the health of our economy. Unemployment has a long steady history with America. The Great Depression had an unemployment rate of 23.6% in the early 1930’s. The U.S. experienced 11 recessions since the post war in 1948. More recently the unemployment rate reached a 10.8 in 1982 and 10.0 in 2009. In August 2017 Unemployment rate in America was at a 4.4 percent (pre-hurricane). The number of unemployed was at a 7.1 million. Also unemployment varies considerably when it comes to race and ethnicity groups. At this moment in time I am unemployed and have been for a year now. But what I have noticed is that there are a lot of people are in the same position as I am: unemployed. Not only where I lived but all over America. For my milestone I decided to talk about Unemployment in America and the affects it has on people as well as what I believe may cause the high rate of joblessness.
Cultural Beliefs and Biases For my two examples of Cultural Beliefs and Biases I chose: Capitalism and Functionalism. Since the 17th …show more content…

If overall unemployment falls below say 5 percent, business-oriented economist support policies to slow the economy and create more unemployment. If unemployment falls, workers are in a better position to demand higher wages and benefits. Which can reduce corporate profits and result in inflation. (Perlo) And Capitalist don’t want that. So what happens instead? Functionalism or a form of it my second culture belief and bias. Why? Because business have policies installed to make it harder to get a job. And Functionalism this theory wants to make things better. First let me say: “Functionalist theory – is an unclear term, often used by orthodox sociologist to define the logical and social place of roles, institution and structures in terms of the production and reproduction of a society as a social system.” (Bessant &Watts,

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