Doyle also asserts that US policy has also contributed to the situation. The US dollar is overvalued and thus creates difficulty in competing with lower priced goods produced in developing markets. Also since the second World War, US policy has favored clean business such as financial institutions which further decreased the number of manufacturing job as these institutes began to grow in number.
Manufacturing industry was what made America the land of opportunities for the middle class people. Since manufacturing is on the decline, the number of opportunities in the US are decreasing. How far is the statement true?
In this article, Emile Durkheim, has pointed out that in the relationship between an employer and an employee, there is not legal or even professional code of ethics as compared to other professions such as those of layers, soldier, priests etc. Durkheim claims that this is unjust given the fact the economic order now forms the biggest part of our lives as administrative, religious and even military functions are losing their value in the current society. The relationship between the employee and employer is judged through a moral code which usually favors the person in power; which in this case is the employer. Durkheim claims that one cannot gain liberty if there are no rules to define the public sphere of life which in this case is the economic order.
In this article, the author discusses the issue of overconsumption which is occurring as a result of social comparison with friends, relatives and co-workers. Research shows that people save more when they hang out or compare themselves with other people who earn less than them and vice versa for people who save less. One reason for the increase in the number of debts is television. The people in television also act as comparison models for most people. Despite the fact that television provides cheap