Is it really worth it?

  When we think of college in this day in age, the percentage of people wanting to go, and going is incredible. College is a huge stepping-stone for most people. This is the time where people finally figure out their calling in life, learn and prepare for it, and finally go out to the world to pursue their interest, hoping that they’re degree and constant hard work would pay off. That’s all they actually want is for their college fees to be “paid off.” When you think about it, more than 85 percent of people that goes to college most likely comes out with ridiculous fees and debts that need to be paid off sooner than later. These outrageous college tuitions and fees hadn’t always been so overpriced. Back in the 60s, when there were way fewer people looking to go through college achieving their degree and more public funding was in mind, people didn’t have to worry about, “If college will pay off,” or,” Is it worth the time and debt to get a higher education?” They could just go, more or less, without the stresses that people are having today, with tuitions being more than quadrupled since then.

  I have finally come to realize why college tuition has gotten so high, and is still increasing of the years. Public Funding for a higher education was said to have cut federal funds all together, excluding scholarships, etc. With an increase of the percentage of Americans who want to go to college, more supplies are needed in which more money couldn’t be spent for because of other issues the government has on it’s table needing federal funding.

  With all of this, the only solutions I can manage to come up with is cutting down fund for something else that isn’t so important. I see it as if Oil Sectors can “shed” 70,000 jobs, corporations and organizations can clearly cut back. I also believe, although it’s completely ridiculous, that if students could just pay for courses that failed that life would be way easier…. for the student at least. So instead of paying for a higher education, you are being rewarded for getting the higher education and “punished” for the thing to don’t learn, which would be paying that courses fees and chunk of tuition. Of course, this would never happen in a million years, but it’s just ideal.

You can't judge a book by it's cover.

  If you look at ESPN now, you’d assume that the business is doing great for themselves and by their people. This major company and organization has been in existence since the late 1970s, and has been thriving since. It makes you wonder, aside from all of the investments, loans, general public contribution, and donations, how have they managed to run this extremely large business so well? Well, it turns out they have been taking a turn against their employees to ensure their well being, economically speaking. ESPN was said to have been making lots of cuts in their workforce due to unusual and brutal financial declines.

  Several hundred people, nearly 4 percent of ESPN’s global workforce were affected by their company’s surprise cost cutting measures that were underway back in October. Because of society, or entire country, is so into the material things, we are starting to develop new ways of getting the things we need and want in our life. For example, the amount of money departments stores have been receiving is in a desperate decline. This decline was so tragic that the use of outlet malls had to come into play in order to at least keep these businesses from running into the ground. Society has found cheaper ways of obtaining things that are sold in these departments store, like online shopping and other competitors selling what these stores have, but for a cheaper price. This redirecting of customers is more or less what was, and most likely still is, happening to ESPN.

  After getting a big push from Disney, ESPN’s parent company, requesting that they cut back millions of dollars in order to accommodate the growing numbers of unsubscribes, ESPN figured the only way out for them was to cut some wages and some people’s lives. This economic shift must have been a travesty, going from a nice and well paying job, to filing for unemployment benefits for a while. I believe that ESPN was trying to maintain a proper equilibrium in their supply and demand balances. They figured that in order for them to continue to produce a healthy amount of supplies, they clearly needed to have the money. To have the money, in their case, they had to cut some wages, or cut them completely, increasing their finances to continue to produce in masses for the demands that are still remaining with them.

Other than having to lay people off, I wonder if they could have corrected their economic disadvantages by extending their shares and investments into other corporations, or even taking that stuff out… if they hadn’t tried that already.

Progress?! ......believe it or not

  An article from CNBC is praising our slowly recovering, but very unstable economy on one of it’s, what it seems, biggest feats of the year. Corrections to our country’s dying workforce have proven to be in action, and working! The progress is slow, but to Economists, it’s a start and there’s progress. I recent years past, jobs have been concentrated on and given to the people with higher education, but with the new projects of creating more jobs for minorities, people with less education than some, and in the low wage industries, people are starting to be able to support themselves, and push to getting better opportunities in the workforce from recent training.

  In December of 2015, jobless claims in the US were said to have dropped below the estimated amount of 270,000 to 267,000. The number of Americans filing for unemployment benefits have continuously dropped and is reaching a 42-year low; keeping claims below 300,00 for 42 weeks consecutively, this has been recorded to be the longest stretch since the early 1970s.

  This increase in the workforce is amazing, but has many issues to come with it. For starters, keeping unemployment rates this low is going to be very difficult, and trying to get them even lower is going to be worse. Yes, progress is being made, but there are main other citizens still filing for those benefits. Another issue, mostly for the Federal Reserve System would be trying to maintain a consistent output and level of the wages these workers are earning. With what seems to be a slow, but continuous increase in jobs, the government is going to have to come up with more money to pay these people, without cutting other’s wages. I’m afraid, with this in mind that taxes might go up and up, as a way for the government and Federal Reserve to accommodate for the new wages being earned.

  Although some of the declines were said to have been due to the high demands of labor force to accommodate the holidays, the labor market strength is working to underpin consumer spending, supporting the economy’s strong dollar. I believe that if the increase of demand for consumer products can keep pushing forth, this could continue to create jobs, making an increasing need for labor and workers, creating more and more job opportunities for our citizens. If this cycle could keep occurring in our economy, I believe that the rate of unemployment could further drop.