The Safety net and layoff Essay Example | Topics and Well Written Essays - 750 words

The Safety net and layoff - Essay Example Well, there are two economic perspectives on this issue. The first perspective argues that by increasing the support for people without jobs those with low incomes will decrease their incentive to find jobs. Others argue that more generous the government is the more incentive for the unemployment to find jobs. Government has become more generous with social safety net in many ways. A bonus was added to unemployment checks, people were offered subsidies to pay for their health insurance, food-stamp benefit levels were increased, and were available in situations in which they were formerly unavailable and states were granted waivers from program work requirements. This perspective is in line with the Keynesian school of thought which is based on the concept that in order for an economy to grow and be stable, extreme government intervention is required. This will make people have less motivation to find a job, and will shift the aggregate supply of labour to the left as shown in the diagram below. The advantages of unemployment benefits affect everyone. Benefits help individuals and family to have the necessities to live and help them throughout periods of unemployment. The unemployment benefit will result in an increase in consumption and that affect the general economy shifting the AD to the right as shown in the diagram below. The disadvantages of benefits are for business and the society as whole. As unemployment increase, government will need to give more unemployment benefits, and the government get the money for increasing taxes and/or reallocating their spending from one sector to another. Thus businesses and society will not be in favor of the unemployment benefits. While economists seek to find whether or not the government should be generous with social safety net and what is the effect of that on unemployment job seeking they often fail to notice the effect of the safety net on the

Describe the scientific method of research. Identify the key Essay

Describe the scientific method of research. Identify the key components, providing examples of each. Provide support for your answer - Essay Example The research method is also objective and is conducted within strict scopes that can facilitate such objectives. This feature further identifies rules that are associated with applicable research methods and restricts a researcher’s activities and behavior. The method of research is also characterized by an empirical approach in which knowledge is developed from evidence that is analyzed towards conclusions. The communicated findings from a scientific research therefore assume a high level of validity and reliability. Further, scientific method research is â€Å"systematic and cumulative,† demonstrating a level of orderliness and interconnectivity with each other (Wimmer and Dominick 13). A scientific research for instance, relies of previous studies in its field, for review of existing knowledge towards identification of information gap and statements of the involved problem. It is also important to note that the scientific method of research offers a basis for forecas ting into future trend, based on its reliance on past data sets (Wimmer and Dominick 13). The systematic approach of scientific method of research identifies key components of the research. The first component of a scientific method of research is the research title that communicates the involved subject matter and is in most cases a summary of the entire research process. ‘Investigating significance of the social media in marketing’ is an example of title and it describes the scope of the involved research. The second component is an abstract that offers an overview of the research’s components by summarizing other components of the research. Introduction is another component of the research and includes literature review, problem statement, purpose of the research and research hypothesis or questions or both. Literature review forms the major component of the introduction and defines an analytical report on