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Thursday 716

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  Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed. PART 9 The Real Economy in the Long Run Chapter 28 of 36 Unemployment Section 12 of 21 ... Figure 4 - Unemployment from a Wage above the Equilibrium Level In this labor market the wage where supply and demand balance is WE At this equilibrium wage quantity of labor supplied and demanded meet at equilibrium point E. If the wage is forced by a minimum wage law above the equilibrium level WE · quantity of labor supplied rises to LS · quantity of labor demanded falls to LD The resulting surplus of labor, LS - LD is unemployment. … In this chapter we discuss four explanations for long-run unemployment: -1- frictional unemployment -2- minimum wage laws -3 - unions and collective bargaining -4- efficiency wages … -2- Minimum Wage Laws In this section we begin to examine how structural unemployment results when the number of jobs is insufficient for the number of workers wanting jobs. ... Analysis of minimum wages ...
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Wednesday 715

  Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed. PART 9 The Real Economy in the Long Run Chapter 28 of 36 Unemployment Section 11 of 21 … Frictional Unemployment — continued. Unemployment insurance is a government program designed to give workers partial protection against job loss. However, unemployment insurance increases the amount of frictional unemployment. ... Those not eligible for unemployment insurance are typically those who · quit their jobs · were fired for cause · recently entered the labor force Unemployment insurance benefits are paid only to the unemployed who were laid off because their previous employers decided they were no longer needed, typically because of reduced demand for products or increased production efficiencies. The terms of unemployment insurance programs vary over time and across states. Typically, a worker covered by unemployment insurance in the United States receives 50% of their former wages for 26 weeks. Unemployment i...
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Tuesday 714

  Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed. PART 9 The Real Economy in the Long Run Chapter 28 of 36 Unemployment Section 10 of 21 … Here we discuss four explanations for long-run unemployment -1- frictional unemployment -2- minimum wage laws -3 - unions and collective bargaining -4- efficiency wages … -1- Frictional Unemployment, continued Although some frictional unemployment is inevitable, the amount is not. The faster information spreads about worker availability and job openings, the faster the economy can match workers and firms. Government public policy may play a role. If policy can reduce the time taken for unemployed workers to find new jobs the economy's natural rate of unemployment can be reduced. Government programs try to facilitate job search in various ways including through government-run employment agencies and public training programs. ... Advocates of these programs believe they · make the economy operate more efficiently by keepin...
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Monday 713

  Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed. PART 9 The Real Economy in the Long Run Chapter 28 of 36 Unemployment Section 9 of 21 … Here we discuss four explanations for long-run unemployment -1- frictional unemployment -2- minimum wage laws -3 - unions and collective bargaining -4- efficiency wages … -1- Frictional Unemployment This is unemployment that results because it takes time for workers to search for and obtain jobs. Job search is the process of matching workers and appropriate jobs and is a reason there is always some unemployment. In the job market · workers have different tastes and skills · jobs have different attributes · information about job candidates and job opportunities is disseminated slowly ... Frictional unemployment often results from changes in demand for labor among firms. When consumers decide they prefer Apple to Dell computers Dell lays off workers and Apple hires workers. Former Dell workers must search for new jobs. Appl...
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Scot and Fumiko pictures and information

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  Fumiko Scot's information: Weight at 166 pounds, got to 160 pounds five years ago and have recently been bouncing between 163 and 168. Common sense ways to lose and keep off weight are eat right and light and get lots of exercise. Main exercise is walking, do 1~2 miles most days. Over career worked as a salesman in the steelmaking, fasteners, and auto manufacturing industries, lots of travel in U.S., Canada, Mexico, and Japan. Have visited every U.S. city with a major league, MLB, NFL, NBA, NHL, sports team except Sacramento, have gotten as close as Travis Air Force Base. Often traveled on Sundays, much time on the road so could not eat right and get enough exercise so got heavy, up to 200 lbs. Was on commission and made enough to retire early, able eat good food and get enough exercise. Now spend most time reading and writing. Our Wick branch goes back to the brother of owner of the Wick House at Morristown National Historical Park in Morristown New Jersey, and on back to Staine...
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HAT Manifesto Part 1/2 - Rubric Cube - 260405 edit

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  “The world we see that seems so insane is the result of a belief system that is not working. To perceive the world differently, we must be willing to change our belief system, let the past slip away, expand our sense of now, and dissolve the fear in our minds.” - William James “All experience has shown mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed.” - Thomas Jefferson “Wherever good fortune enters, envy lays siege and attacks it. And when it departs, sorrow and repentance remain behind.” - Leonardo da Vinci “Struggle is the indispensable accompaniment of progress. If men were entirely social, man would stagnate. A certain alloy of individualism and competition is required to make the human species survive and grow. Without qualities of an unsocial kind men might have led an Arcadian shepherd life in complete harmony, contentment, and mutual love. But in that case all their talents wou...
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