When we think about America, very first thing sprung to our mind is Yellowstone Park, Statue of Liberty, San Francisco (bay area).. It looks beautiful, right…?? But good days has always has an end and the word “pessimism” has replaced their economy and will stated as doom in the long run. Americans have felt melancholy about their economy, still feels verge of revival.
The massive Atychiphobia from japan in 90’s of jobless claims recovery has bounced back. On the other hand, America coped during the second half of the year but has also increased the inflation. A new study conducted by the London School of Economics (LSE), states that Americans are most unhappy people and that has an indirect impact on their economy. It also states that America is on a wrong path with an increase in crimes rates and rising rate of misery index:
Almost 65% of Americans think, this is because of their weakest president, Obama, in American history. As the way he handles the economy keeps their most of issue unresolved. The American Congress Party, particularly “Obama”, has abstain from fulfilling their core duties from time to time, with the substantial fall in employment rate, three years low bond and financial market, housing market slump etc. A new research study, conducted by our team, states that America’s worries will stretch to level high in next couple of years, the dark lining has already been created because of low staging living standards and has designed a dark future in the American history. Slow job creation, huge government deficits, with these factors, our team thinks any of the economy in “BRICS” country can termed as world leading economy by 2020… This cause of worry and sense of discomfort should be directed to their politicians, in particular the President, who are taking no initiative to tackle this grave economic problems. Below given are the two reasons, why American economy will be doomed in few years:
“Mr. Obama; has always framed America’s problem as lack of competition. Even sometimes he figured out that their people are out of innovation, mindless, uneducated and in-competitive”.
This claims were totally rubbished by Native American fellows. He also claimed that their economy is dependent on third world Countries. There are plenty of research conducted by American Organisation to spur innovation. With the best infrastructure, technology and health care system, America enjoys in all aspect. But the grave solution has much to do with his noncompetitive approach directing to young Americans. His great public speeches made “a man of drama and speech” but in real sense, he diverts the attention of public from country’s real problems. The biggest problem is the country’s huge budget deficit and public debt, which remains as high as 90% of GDP. As compared internationally, besides Japan and Germany, America is one of the rich economies which doesn’t rely on the finance of other countries. The country is bloomed by good news as well as the bad news. Much more of the bad news. The good news is that they are highlighting the issues but the very next bad news comes that no politician is willing to take interest in their economic problems. Our study suggests that refugees and immigrants from other countries claim health care, pension, unemployment benefit, etc. should fall, since they don’t contribute to the real progress of the economy. Even up till today under the outsider presidency, the animosity talk of public debt may harm their economy as they will refuse to pay taxes. In upcoming year 2016, as per the analysis conducted, they might even push the government to cut the tax rate in next budget.
Why their growth rate and unemployment growth rate is increasing..??
The real danger lies where the politicians doesn’t prove on papers. Our economic research suggested that even their currency strength seems to be alright but its biggest economic lagging indicator i.e. unemployment rate haven’t decreased even though its joblessness growth rate has declined but has misleading claims. Our research report reveals the statistics shows almost 40% of America is jobless, around 0.72 million people are homeless (Berkshire statistics), 5.86 million people has temporary jobs or out from work from past 6 months. These standards are matching with the weak European economy thanks to their structural unemployment parasite.
Besides this, youth unemployment is high which seems to last forever. Many mid skilled jobs remain vacant for many months due to lack of training skills in labour work (operation functions). The most important factor that never ever discussed; The America persist unemployment before the recession hitting globally. These factors of unemployment is not only caused by overuse of high complex technology and globalisation, but also employing large number of Asian people at management level and Africans at labour level causing a back drop in quality, what the Americans were known for..!!
At true insight, America has a huge fraction of prime-age at work, which diminishes the new entrant at employment market. Their in-built statics are shown below:
Even the disability benefit cost economic growth more than 2% of their GDP. America’s unemployment issue should be their agenda as for now, rather reviewing the tax system, putting trade barriers, changing their industrial policy, etc. In addition, America persist a need of economic reforms like monetary stability without further divergence in short-term tightening. Since the major thing today is money stream line hence they need to upgrade their training process and also a severe need in increasing their incentive plan to the lower level employee.
A sharp decrease in mid age employees, will result into entrance of fresh mind and high energy what today’s youth carry… But in unfortunate cases the weaker American president government is doing more talks rather than actions what it Deserve to be…!!