Economic Struggle

  The fact is our economy is still struggling. Middle to lower class families live paycheck to paycheck trying to pay for food, shelter, and the clothes on their back. What are we doing to aid America economically? Well Janet Yellen has a voice that has been heard and had been looked at for suggestions on how to help our economy grow.

  “In some ways, the job market is tougher now than in any recession” says the Federal Reserve Chair Janet Yellen. She is very right. Her signs of a weak economy include things such as long term unemployment and wages rising to slowly. In the US the minimum wage has steadied at 7.25 since 2009. If we were to increase minimum wage we would also be increasing the productivity of the worker. It’s that simple, pay the employee fairly and more will get done, sort of like giving them a push to go forward. If this happens I believe a momentum will take into place and people will follow the path of working more for their hard earned cash. Minimum wage is just as bad as our employers who hesitate to create new jobs. While although the layoffs in America are decreasing, new jobs are not on the rise. Without job opportunities, people can’t have jobs and that the opposite of what we need! The Department of Labor should be encouraging new job opportunities across the country.

  Consequently, if more jobs are available to the public, then workers who quit their jobs voluntarily can be assured that they will be able to get another job. Yellen states that “this is one sign of a healthy job market.” The government must create these new jobs to give people the hope they need that just in case something doesn’t go as planned, they can depend on another type of job to help them pay bills. Part time jobs might even have something to do with this very high unemployment rate. Survey shows that nearly the 7 million people that that work part time would prefer to work full time. Im sure the fresh out of high school employees and Jack in The Box aren’t too satisfied with their jobs. While they should be lucky to even have a job in this economical struggle, I’m sure they would prefer something with better pay.

  Yellen says that “the low rate of wage growth is, to {her}, another sign that fed’s job is not yet done” meaning that our Federal Bank has lots of work to do before we can even begin to peep through the light of this dark recession. Together as a nation and as people who all want the same goal we can fix this daily problem and flourish into the proud country that we say we are!

 http://money.cnn.com/2014/03/31/news/economy/janet-yellen-raise/index.html?iid=SF_BN_Lead