Friday, June 1, 2018

Gas Prices

Sammi Dominiak
Whether we like it or not, gas prices are rising again and unfortunately they do not plan on decreasing the price in the near future as we are all hoping for. Gas prices being increased has a big effect on what we spend our money on because gas is a necessity when you need to drive to work or school. Spending more money on gbas means that most of us will have less to spend on  other goods or services.

The Price for gas is rising quickly and there are no plans of stopping that, gas is $3 in the suburbs currently and merely $5 in the city. President Trump wants to drill of the entire U.S. coast in order to produce more oil and gasoline. Though the United States is the third top oil producer in the world, we want to move higher up the totem pole. People living on the coast have a big disagreement with the thought of drilling on setially land that could be potentially harmful to drill on. The risk of an oil spill on one of the beautiful beaches that line the coast is not low and even the thought of an oil spill is scaring the residents in the area.
Why are gas prices increasing so much? With the economy and government crashing in Venezuela we are expecting the production of oil and gasoline to drop very soon, so raising the gas prices is the short term solution to a long term problem. As the production levels drop more and more gasoline prices will begin to raise more and more so that the U.S. is able to keep a steady economy. We need our economy to stay steady because if we were to decrease gas prices while the production of gas is dropping it would only take a huge bite out of our economy. However another good part of the gas prices rising for the economy is that the use for public transportation will be more necessary helping keep our economy up and thriving.


Works Cited:

Amadeo, Kimberly. “Why Are Gas Prices So High?” The Balance, The Balance, www.thebalance.com/why-are-gas-prices-so-high-3305653.

Crudele, John. “Why Gas Prices Are so High - and What Americans May Have to Risk to Make Them Lower.” New York Post, New York Post, 24 May 2018, nypost.com/2018/05/23/why-gas-prices-are-so-high-and-what-americans-may-have-to-risk-to-make-them-lower/.

Folger, Jean. “How Gas Prices Affect The Economy.” Investopedia, Investopedia, 16 Oct. 2015, www.investopedia.com/financial-edge/0511/how-gas-prices-affect-the-economy.aspx.

Tuesday, May 29, 2018

The Economics Behind Internet Ads

The Economics Behind Internet Ads
Written by: Matt Dehart

Ads are one of the most important parts of websites.  You might say that many get annoying, appearing before videos, or taking space on the page.  But these advertisements are necessary for the content on the internet.  People want things free, and ads are the only way to keep a site free.  Things are a lot more complicated though.  In simple terms, a business gives money to a publisher when they show an ad for the business.  Without earning money, a publisher would shut down with the opportunity cost of getting a job is lower than the hours spent for no income.  Most revenue from ads is based on clicks, meaning the payout is based on how much business the advertiser receives from the ad.  It gets much deeper though.  A company will choose which sites to advertise for based on the audience.  They have to compare the possible profit from sponsoring one website compared to another.  A publisher had to think of many different factors while placing ads on their site.  They have to use a lot of marginal analysis to estimate ad amount and placement.  They have to decide if they think another ad will increase either viewers and or clicks on the advertisement, and not use an amount that will give less than before.  Over the years tools have been developed to help an advertiser with placing ads.  One such example is Google Adsense, which will use content on the website to place ads that will make more revenue.  So before you just look away with the next advertisement, think about how much work and economic analysis was used to bring the ad to you.





Works Cited

Bishop, Tyler. “How Internet Ads Work & How Sites Make Money Using Them.” Ezoic Blog, 13 Mar. 2018, blog.ezoic.com/how-internet-ads-work-how-to-make-money-using-them/.

Suggett, Paul. “Start Making Money Today with Google Ads.” The Balance Small Business, The Balance Small Business, www.thebalancesmb.com/how-to-make-money-with-google-ads-39108.

Thursday, May 24, 2018

The Shortage of Skilled Trades in the US

The Shortage of Skilled Trades in the US
Adam Immel

The expectations of the American youth have changed much since the days when industry thrived in the United States. Whether it was for better or for worse is debatable, but as the country transitioned from manufacturing to service based industries, the generations of people were further divided by changing labor expectations. The changes have led many to believe that the United States is experiencing a labor shortage, an insufficient amount of qualified workers, in the market of skilled trades. Because of this, many consumers are finding it much more difficult to find contractors that aren’t being replaced fast enough to accomodate for the wave of retiring baby boomers.

The decline in demand for such jobs is the change in expectations in career development that began in the 1970’s and 80’s. 40 years ago, the United States was a powerhouse economy that relied heavily on manufacturing. Since that period, economic decision making by manufacturers to produce overseas to lower the cost of production, as well as America’s fledgling effort to combat air pollution in the 1970’s, have sent those jobs out of country, taken by countries such as China that own a significantly lower minimum wage than the US, and have made less of an effort to mitigate air pollution from factories. Because of this, America has lost “some 7 million manufacturing jobs”, according to Forbes. While the same source argues that the US has “added some 53 million jobs in services”, the impact of the changes has been left on following generations. Millennials and Generation Z have been persistently advised that the best option towards finding reliable employment is through a four-year Bachelor’s Degree. These factors have all contributed to the steadily growing “skills gap” as the older generations tire from their laborious careers.

What makes this gap in demand for skilled trades surprising is the potential such a career provides for a lucrative career. According to an article by NPR, Pacific Northwest Ironworkers based in Seattle provides workers and opportunity to earn “$28.36 an hour, or more than $50,000 a year”, a wage that is commonplace in many similar careers. Besides this, the shallow belief that the only way to “make it” in life is via a traditional college continues, even with increasing average debt. Some may assume the youth are too afraid the get their hands dirty; others may argue ignorance and a lack of promoting the field are to blame. Regardless, this trend doesn’t appear to be improving; the outlook on the youth’s demand in skilled trades hasn’t shifted at all, and the proportion of skilled trade workers older than 45 in 2012 was 53 percent, according to EMSI, which is a significantly high proportion. With demand as low as it is currently among the younger generation, in 20 years the majority of current employees in the field will be retired, putting a strain on industries that many of American workers in service based industries take for granted. Somehow, new parents and school systems need to promote the promise that becoming a machinist, electrician, welder, or any similar career can provide and prevent more Americans from college debt and looming unemployment straight out of college. The opportunity is there if the youth are willing to put in the effort.

Works Cited
Wright, Joshua. “America's Skilled Trades Dilemma: Shortages Loom As Most-In-Demand Group Of Workers Ages.” Forbes, Forbes Magazine, 23 May 2014, www.forbes.com/sites/emsi/2013/03/07/americas-skilled-trades-dilemma-shortages-loom-as-most-in-demand-group-of-workers-ages/#2b0f15bd6397

Gross, Ashley, and Jon Marcus. “High-Paying Trade Jobs Sit Empty, While High School Grads Line Up For University.” NPR, NPR, 25 Apr. 2018, www.npr.org/sections/ed/2018/04/25/605092520/high-paying-trade-jobs-sit-empty-while-high-school-grads-line-up-for-university.

Krupnick, Matt. “After Decades of Pushing Bachelor's Degrees, U.S. Needs More Tradespeople.” PBS, Public Broadcasting Service, 29 Aug. 2017, www.pbs.org/newshour/education/decades-pushing-bachelors-degrees-u-s-needs-tradespeople.

Worstall, Tim. “The U.S. Lost 7 Million Manufacturing Jobs--And Added 33 Million Higher-Paying Service Jobs.” Forbes, Forbes Magazine, 19 Oct. 2016, www.forbes.com/sites/timworstall/2016/10/19/the-us-lost-7-million-manufacturing-jobs-and-added-33-million-higher-paying-service-jobs/#66e2a7b04a20.

The Subtle Economics Of AP Classes

Liam O’Neill Mrs. Straub AP Economics 18 May 2018
The Subtle Economics Of AP Classes

It is sunday may 20th, and the awful stress of AP testing is over, and i’m sure you all can agree that it is great to finally feel as though the school year is almost over. Although it may feel as though only thing AP classes do is bring unneeded stress into our lives, Ap classes have a real impact on our economy in a way that none of us even think about.

Long before I took my AP test, I thought long and hard about the opportunity cost that comes with it. I looked at the tradeoffs that come with taking and not taking the test. The primary thing I thought about was whether or not the test would truly benefit me, especially for $90 (AP data). For many, $90 is a lot of money, especially for the students that have to pay the fees themselves. And $90 is just for one class, it is an additional $90 for every test meaning that some students will need to spend $400 to take tests. Although Paying $90 to take a test might at first sound like one of the dumbest decisions a person could ever make, it’s much more than just a test. Not only does the AP score you receive demonstrate your performance on your AP Exam, but it also measures of your achievement in your college-level AP course. This score will be used by colleges and universities to determine if they will grant you credit for what you've already learned, scoring a 3 (4 for some colleges and even 5 for others) will result in you being qualified to skip the equivalent course once you get to college. This reason alone is a significant incentive to take the AP test as $90 and passing the test can turn into a potential $2400 in savings. To break that down on how big of a potential impact that is, of the 841 students at Pewaukee 53% participate in AP testing with a 83% pass rate on the various AP tests meaning that around 371 kids are successful on passing an AP test each year at Pewaukee (rankings). When you take that into consideration, that is a total of $887,894 in potential savings on college tuition for students at Pewaukee High School.
Everybody knows what it is like to feel broke, but for college students they rarely know the feeling of not being broke. High school students work for hours in attempt to save up enough money for college, taking AP classes results in less money that is needed to be saved as the cost of college tuition decreases significantly. Less money that is needed to be paid off in loans also means that college students have to worry significantly less about debt and interest rates. This is a positive externality for businesses around colleges as less money to pay off means that the purchasing power of students increases greatly for normal goods thus greatly increasing potential consumption expenditures on things such as food or clothes.
Additionally, taking an AP class allows you to differentiate yourself from other college applicants as all AP classes are greatly respected across all the nations institutions. Colleges look at how rigorous a students classwork was as a determinant in acceptance and academic scholarships. On average $50 billion is awarded to eligible students in scholarships, with 94% of these funds came from federal, state and local government sources (saving for college). In conclusion AP classes have an impact that goes far beyond our individual lives. Their impact on the economy is undeniable whether it goes unnoticed or not. They provide individuals with many benefits and positive externalities and are an overall great addition to our lives although we may rarely feel that way. Works Cited “AP Data - AP Report to the Nation 2014.” SAT & SAT Subject Tests™ – Research – College Board, research.collegeboard.org/programs/ap/data/nation/2014. “AP Program Participation and Performance Data 2017.” SAT & SAT Subject Tests™ – Research – College Board, research.collegeboard.org/programs/ap/data/participation/ap-2017. “Google Sheets - Create and Edit Spreadsheets Online, for Free.” Google Slides, Google, docs.google.com/spreadsheets/d/1mIgxDcES1F_nfpb6ksj7oq-JDJ_w9adN7x0W67yDfpg/edit#gid=0. Rankings, National. “How Does Pewaukee High Rank Among America's Best High Schools?” U.S. News & World Report, U.S. News & World Report, www.usnews.com/education/best-high-schools/wisconsin/districts/pewaukee-school-district/pewaukee-high-21834. “Surprising Facts About Scholarships.” Savingforcollege.com, www.savingforcollege.com/articles/surprising-facts-about-scholarships-836. “Table 5. - Average Public School Size (Mean Number of Students per School), by Instructional Level and by State: Overview of Public Elementary and Secondary Schools and Districts: School Year 1999-2000.” Revenues and Expenditures for Public Elementary and Secondary Education: School Year 2001-2002, E.D. Tab, National Center for Education Statistics, nces.ed.gov/pubs2001/overview/table05.asp. Wilson-Swokowski, Tye. “AP Test Scores, Participation Rise in Wisconsin.” The Badger Herald, 26 Feb. 2016, badgerherald.com/news/2016/02/26/ap-test-scores-participation-rise-in-wisconsin/.

Trump Tariffs On Auto Parts Is Going To Be HUGE

Andrew Dempsey

Trump Tariffs On Auto Parts Is Going To Be HUGE

Nearly half the vehicles sold in the U.S. are imported coming from plants in Canada and Mexico. The current administration does not like this fact and said that the imports of automobiles and auto parts are a threat to the national security.  They have taken action about this and have launched an investigation into whether tariffs are needed on the imports. Trump says that “core industries such as automobiles and automotive parts are critical to our strength as a nation”.

During a meeting with top American automaker executives, Trump said he is going to push for an increase in the production of vehicles produced in the US. In addition to that Trump also criticized the European Union auto imports and threatened a tax on these imports. Trump is seeking a new tariff of 20 to 25 percent of these imports. Critics of this move fear that countries will strike back and impose trade sanctions of their on for a threat to their national security.

If Trump is able to follow through with his plans it will be huge for US automakers. Ford, General Motors, and Chrysler have been struggling lately. Ford Stock had been plummeting lately and in February hit an all-time low at 10.24 a share. General Motors revenue has been falling in the past year and Chrysler American made cars have been reporting low sales numbers. Many plant employees of these companies have been laid off and some plants have been shutting down completely. With a boost that Trump is promising this might put light back into struggling companies. This would also lower unemployment in the U.S. especially in Detroit where the unemployment is 7.8%. In addition, this will boost GDP with more products being built in the US. Overall this tariff would be a good thing for the United States.   https://www.msn.com/en-us/news/politics/trump-administration-explores-tariffs-on-autos-auto-parts/ar-AAxISpK

https://www.autoblog.com/2017/03/16/trump-cafe-review-not-good-for-automakers/

https://www.cnbc.com/2017/01/06/trumps-tweets-aside-automakers-are-fastest-us-job-creators-under-obama.html

https://www.google.com/search?q=ford+stock&rlz=1C1GCEA_enUS789US789&oq=ford+stock+&aqs=chrome.0.0l6.2936j1j7&sourceid=chrome&ie=UTF-8&safe=active&ssui=on

   

Apple's Control

 Andrew Brown
Apple’s Control
Ever since 2005 Apple has been making huge profit. At the end of 2015 Apple had recorded there highest sales out of every year they have been a company. And by that end of the year they made 50.6 Billion in sales. More money for them means more deals for us. Apple has always said if they ever reach the top they would decrease prices and This year they might be able to call them self #1. It's a bit early to tell the second counter just ended and on May 1st Apple posted the record breaking sales they have ever had.
Most to all there sales are the Iphone X, Iphone 8 plus, and Apple watch series 3. The most sales they have had this year is the Iphone 8 plus. And just in this year Apple made over $65.4 Billion in sales. Growing the company by 16% and the EPS sales (Earning per share) grow 30%. They is the highest Apple has ever had. And if they keep it up they will reduce their prices. If this happens Apple will have even more sales because more people are likely going to buy there phones. Even though with the actions that Apple has done last year with the older phones. People has existed there apology and are still stand by their sides. For everyone who does not know late last year Apple was slowing down peoples Iphones 6s and under to save the battery life. And they had a good reason to. If you where the person who had their phone for more than 2 years, there has been signs of batteries heating up and melting in your pocket. After people found out apple was willing for 1 week to give away new free batteries for anyone with a bad one. And after they lowered the price of the Battery for $35.
 Apple is going to use this 16% of money they have earned put it to making the Iphone, (11 or 9) they have picked a name yet but it will be called one of those. Apple is trying to make a bezel-less phone, the highest they can push it is 98% seen on top and on the side and 96% seen on the top because of the speakers. If they are able to do this to the eye there will be no bezel.

So this is Apple’s income form 2005 to 2017 and you can see the to is $53 Billion and last year in 2017 it was $48.35 Billion so if you take that number and divide it by 100 Apple made 4.8 million in profit that goes to them and in this year just form the beginning of the year to may 1st, Apple has made $5.4 Billion in profit they can use feely and that is a lot of money. So you might be asking What happens to the rest of that money. And the answer is it goes of paying bills, people, lawsuits, and so much more. So even if you like Apple or not they are making a huge leap ahead form any other company.


 Work Cited
“Apple Reports Second Quarter Results.” Apple, 1 May 2018, www.apple.com/newsroom/2018/05/apple-reports-second-quarter-results/.

* All products require an annual contract.  (New York). “Apple: Net Income by Year 2005-2017.” Statista, www.statista.com/statistics/267728/apples-net-income-since-2005/.
*https://i.pinimg.com/originals/3c/21/65/3c2165053a5e3a83c34f4a511fc61259.png
*https://upload./commons/thumb/f/fa/Apple_logo_black.svg/1200px-Apple_logo_black.svg.png
Haslam, Karen. “Apple Reports Second Quarter Earnings - New March Quarter Record.” Macworld UK, 2 May 2018, www.macworld.co.uk/news/apple/apple-financial-results-3581769/.

Tuesday, May 22, 2018

Dear Nicaragua,

Written by: Carlos Teran 


Dear Nicaragua,
An Economic/Philosophical Poem that Meets All The Requirements of the Biannual Summative Blog Post

Nicaragua. Why are you the way that you are?
When I was a child, I loved your green pastures, your beautiful mountains, the leaves that danced on your trees, and the good life that you gave your people.
My people.

Not but a generation ago, your pastures, mountains trees and streets were painted red.
With the blood of 50,000 fallen Nicaraguans.
For the freedom of your valleys, for the freedom of your people.
Not but a generation ago, a proxy civil war for the battle of territorial economic control and the spread of Capitalism and Western culture versus Eastern culture and Marxism backed by Reagan and his band of misfits as well as Mr. Gorbachev broke out in your confines.
And you were painted red.

And in the name of what and whom?
You cut the head off of a snake, attached to the head of Medusa.
Your shaved your capitalist free market head with a communist command market Mach 3 razor only for your hair to grow back thicker.
And now you pick up the razor again.

The man who promised you prosperity, 
And that your rivers would run thick with milk and honey.
Stole all social security from the very same people who fought for him to gain power invested the money into his construction companies and laundered drug money through those same companies then lost all of the money in his offshore accounts and asked for the very same people who gave him the power in the first place  to bail him out with a regressive tax system that makes the retired the old and the poor give him and the government more money (Chavez)

The new generation, they stay woke.
Because sleep is the cousin of death.
And for opening their eyes and mouths,
More than 40 students were killed fighting for your freedom (Chavez).
And now the streets are red once again.

Don’t you know that if you continue to have revolutions for your economic and human freedom that it will prevent capital inflow to your country and deter Americans from investing and from exploiting your resources to build water parks so fat American families with their fat American dollars can use you as a place to “get away from their problems”? Thus causing your Cordoba to depreciate in the foreign exchange market because demand for your currency will decrease to the left on the money market graph and the global market.
And increase unemployment because you won’t have those waterparks, and the would be workers won’t have the opportunity to continue to be slaves with blue polos, who would go home and still wouldn’t be able to afford a good home and a life for their children, and some food to feed them every night.

Ok this poem is getting long and I need a thesis.
What should my you do?
How do we stop the violence, and provide a stable economy?
Do we buy bonds and increase the money supply so that interest rates will decrease, which will in turn increase investment as well as demand, hopefully increasing our GDP?
But would that really work?
If I knew the answer, I think I’d be in a better place.
Plus I only know my opinion of other people’s opinions.
So I’ll ask my comedian/philosopher friend Bill Hicks. Bill what should we do?

“Take all that money that we spend on weapons and defense each year and instead spend it feeding and clothing and educating the poor of the world, which it would many times over - not one human being excluded - and we could explore space, together, both inner and outer, forever, in peace.” (Goodreads).

The End.




Works Cited

“A Quote from Love All the People.” Goodreads, Goodreads, www.goodreads.com/quotes/511079-fundamentalist-christianity-fascinating-these-people-actually-believe-that-the-world.

Chavez, Nicole. “More than 40 People Were Killed in Unrest in Nicaragua, Rights Groups Say.” CNN, Cable News Network, 29 Apr. 2018, www.cnn.com/2018/04/27/americas/nicaragua-unrest/index.html.

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