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Macro economics

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Dougherty (2009) has taken help from figures, fcts and statistics to prove his point. H has clearly made his point that unemployment is on the rise in whole United States, ad it is happening at an alarming rate. H is also given due importance to the policies current government of Mr. Brrack Obama is following. Te paper is very much narrative in style. I has explained the existing situation and has pointed it out that it is a serious situation. Nither the causes nor the effects of this been discussed in this paper.

Loking at the population of America, i has grown steadily over past few decades. Wth a population growth rate of 0.963% (July 2011 estimate) a clear majority of American population is in the age where they need jobs. Te above mentioned graph shows that most of the U. ppulation is in the age group of 15-64 thus a clear majority of American population is ready to work, bt unemployment has become a serious problem for them. Te other paper under discussion here discusses the unemployment.

Drity (1999) has opened his paper with a discussion about laborers who have highly irregular employment and he has discussed them from the point of view of Carl Marx as presented by him in 1967. Mrx has discussed this population as surplus. Te three categories of this unemployed surplus population include those who are able to work and who want to work and are actively seeking employment. Te second category includes pauper children and orphans and then third category are those people who are not fit for or are too heartbroken and not in a position to work full time due to mental or physical health issues.

A per Darity, Mrx has also mentioned that capitalism eats agricultural sector thus resulting in the loss of jobs for a lot of people. I most countries of the world, ariculture employs a lot of population with per capita production and income figures remaining low. Cpitalism moves masses away from agriculture thus a lot of people who should be a part of active work force have to sit Drity mentions Marx has actually made 2 points.

Oe, tat the employed population gets disciplined. Tey are aware about the very few opportunities as offered for jobs and thus they make sure they do not have to lose their job. Te second direct impact is that a huge number of work forces is available to be put to work. ...

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