More Subjects
Article
Luxene Isabelle Lukau
27 January 2020.
Introduction
Sabrina Tavernises’ article published in The New York Times presents what the Americans must fear. Her reflection of swerving drawbacks which erupt from lack of migration suggests that the American economy is facing damages and drawbacks, for fewer migrations inside America. In comparison, she suggests that back in the 1950s, people of America were more at ease in finding a new home and a new job for themselves, which is totally opposite now. Being unbiased, she has referred to some cases, which are eye-opening, if viewed in comparison to previous figures released by the Census Bureau of America . Though she hadn’t addressed the classic economic hurdles behind these causes, the macroeconomic indicators, she refereed are enough for an ordinary reader to get an idea of the depleting economic risks, the earlier generations practiced. She has rightly pointed toward the economic aspects, which are a cause of suspicion.
After reading the article, the first impression any reader can get is about the advantages of shifting to other states, which the previous generations took advantage of. For the generations of this time, it is hard to grab such advantages. Owing to the increasing competition and expanding commercialization, people have started losing their jobs, which is the worst part of this economic up-building of nations. Her references, related to the latest Census data from the year 2019, suggest that young people have quit their options of moving from one state or county, to another. But they have the right reason for not moving since they cannot afford a new living, which is probably higher and more competitive, compared to the previous generations. Some general reflections this article presents is related to the causes of gradual economic decline, and lessening of opportunities, which is quite concerning.
Article Summary
Starting from analyzing the Census Bureau recent, Tavernise points toward a historical reference about the advantages of moving from one state to another, during the low season. She refers to the stories of some people from the previous decades, which she believed were able to manage their expenses in a small amount of income, since the rent was quite low, and were not a burden over monthly expenditures. She then goes on to refer to the industrial slumps, which are still quite often. During the industrial slumps, people managed to get new jobs easily and new art as well. In later parts of her article, Tavernise points toward a worker, who was associated with General Motors; but had to be let go of his job since his company no more required his services. In this point, she refers to an alarming aspect released by the Census Bureau, which suggests that the rate of inter- migrations have reduced to fifty per cent, compared to as much as it was in the 1950s.
Reaction
There is no denial of the fact that people are suffering, the worst time in terms if economic recessions. The companies in America are looking forward to individuals who have the requisite skills and academic qualification to complete a certain task. Though it is good, for those who are not able to get an opportunity to being trained or get an academic qualification, this decline is nothing but a nightmare. Throughout the times in American history, people had moved from one place to another, for getting a handsome living, which has now become impossible. Similarly, the external economic conditions as pointed by Backhouse and Boianovsky, reveals that this trend will be continuing for more years to come. Friedrich, who is a socio-economic expert believes that the economy is related to social structuring and creating diversity which, in the case of America, is experiencing the worst times. Schor also points toward the declining aspect of moving from one place to another among people who are in late teens. For him, this aspect is limiting productivity, lessening the opportunities for acquiring new skills, hurting the social structure of America and creating distances among ordinary Americans and the elites.
Conclusion
Tavernise attempts to explore the flaws which are parallel to the American economy is an attempt to create awareness among the general public, about what is actually threatening for American people. Though the article presents the opinion and cases of a few Americans, it presents an accurate image of where the Americans are at fault. In her analysis and findings, she has linked the American social structure to its economy. She believes that since the economic and social indicators are unalike and unparalleled, therefore it points toward an impending economic crisis. The subject of her analysis was also the young Americans, which according to her, find no harm in leaving their place and moving to another county or state.
The article is an excellent insight into American socio-political, socio-economic and societal traits. Tavernise who herself, is not an economist, rather a journalist, has attempted to limit the macroeconomic indicators and their impact. Her insight to these indicators is quite concise, yet thorough. She links these aspects to the socio-economic upbringing of the American people. Her arguments have the worth to see toward the reason of the American economic decline, in a holistic manner. Cutting short, it is worthwhile to argue that American economic decline is not always linked to governmental consequences, rather they are linked to public dispositions as well.
Bibliography:
ADDIN ZOTERO_BIBL {"uncited":[],"omitted":[],"custom":[]} CSL_BIBLIOGRAPHY Backhouse, Roger E., and Mauro Boianovsky. “Secular Stagnation: The History of a Macroeconomic Heresy.” The European Journal of the History of Economic Thought 23, no. 6 (2016): 946–970.
Frenken, Koen, and Juliet Schor. “Putting the Sharing Economy into Perspective.” A Research Agenda for Sustainable Consumption Governance. Edward Elgar Publishing, 2019.
Friedrich, Peter, and Chang Woon Nam. “Economic Decline and Public Intervention: Do Special Economic Zones Matter?” In Handbook of Regional Growth and Development Theories. Edward Elgar Publishing, 2019.
“Frozen in Place: Americans Are Moving at the Lowest Rate on Record - The New York Times.” Accessed January 26, 2020. https://www.nytimes.com/2019/11/20/us/american-workers-moving-states-.html.
More Subjects
Join our mailing list
© All Rights Reserved 2024