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    9:32 am

Thursday, June 12

  1. msg Economics 1500 Responses - 6/2 message posted Economics 1500 Responses - 6/2 I agree with andy's view on Sammy's presentation about him taking a stance of devil's advocate. I t…
    Economics 1500 Responses - 6/2
    I agree with andy's view on Sammy's presentation about him taking a stance of devil's advocate. I think that Sammy did a great job portraying what a person who actually believes in capitalism might be like.
    6:15 am
  2. msg Economics 1500 Responses - 6/2 message posted Economics 1500 Responses - 6/2 Holly's presentation was about the "Lost Decade" in Japan. The lost decade was a period i…
    Economics 1500 Responses - 6/2
    Holly's presentation was about the "Lost Decade" in Japan. The lost decade was a period in Japanese history in which the economy was booming and eventually spiraled downwards, crashing. The crash in the market was a cause of several things. One thing that caused the crash was being way to confident in the market. What happened was that there was a housing bubble, which is when the housing industry was growing rapidly and eventually reached a point in which the industry could grow no larger, and burst, completely wrecking the economy for twelve years. During these twelve years, unemployment rates rose to 5 and percent and stock prices tripled in cost. Land prices inflated to 122 percent. All of this caused extreme hardship for twelve grueling years for the people of Japan. Eventually the economy bounced back and is in working order today. Good job Holly!

    Sammy's presentation was about how capitalism was the most beneficial system for the economy and people of a nation. He stated that capitalism allows for people to work hard and achieve success fully dependent on how hard they work. It also creates healthy competition between businesses that drives the economy and productivity level. Some countries like West Germany, North and South Korea have prospered under capitalistic rule. Sammy also gave the example of how China's economic success was because of capitalist. I really liked how Sammy presented this even though he did not believe in it at all. It takes a lot of skill and hard work to be able to research and find examples of this topic when you do not believe in it yourself. Great job Sammy!
    6:13 am
  3. msg Economics 1500 Responses - 6/9 message posted Economics 1500 Responses - 6/9 Lydia discussed advertising in America, and how it has adapted throughout history into the force it…
    Economics 1500 Responses - 6/9
    Lydia discussed advertising in America, and how it has adapted throughout history into the force it is today. Since the 17th century, advertising has made buying and selling easier and more convenient. Instead of townspeople flocking to their local markets for some imported sugar, people now can see ads for products produced by companies all over the world thanks to social media, TVs, radios, and newspapers. When advertising first started, it was only in newspapers, but then it flocked to radio in the 1900's. People could even look for work in the paper while drinking their Sunday morning coffee that they saw an ad for in the paper the week before. Now, things like scams, even spam emails, are main parts of advertising. Fast food companies advertise deals with patriotic slogans attached or assumptions that the consumer is making a big mistake if they don't buy the product. However, with a more aware consumer base, these fallacies can be seen through easily. Lydia did a good job getting her point across to the audience and wrote a solid paper.

    Lindsay focused on a topic present in one of the Economics' debates: the near-impossibility of attaining the American Dream, or the American Nightmare. People have been trained to focus on the idea that if you keep working as hard as you can, you will have everything you want. In fact, this is not the case for many people in the U.S., who work numerous jobs just to feed their children, let alone themselves. Instead of listening to the government say over and over again that the trickle down effect will work, Americans must act and demand a change, like Seattle did in attaining a $15 minimum wage. The economy can thrive, but first the American Dream must be attainable to all. Lindsay did a good job presenting her topic and had a catchy title as well.

    I agree with Elise when she says "This is no longer the land of opportunity." When people look for jobs everywhere and are turned down three hundred times, there is not much to say. However, America is structured in a way to ensure success through the people's voices, and if the people make themselves heard and get off their phones and out of their cars at the drive-thru, things like the American Nightmare may be a thing of the past someday.
    5:57 am
  4. msg Economics 1500 Responses - 6/6 message posted Economics 1500 Responses - 6/6 Camden exemplified the fine line between need and greed in his Economics 1500 presentation, specifi…
    Economics 1500 Responses - 6/6
    Camden exemplified the fine line between need and greed in his Economics 1500 presentation, specifically the difference between buying into new technology for the better quality of life rather than the feeling of upward social mobility. For example, the IPhone is a highly coveted symbol of popularity and signifies a new-age in technology; as a result, it is a very big hit with teenagers and young adults, who even wait in line for the new versions. The ridiculous thing is, the IPhone's new versions usually only have one extra feature, sometimes it's most significant change is an extra camera. Basically, Apple is able to sell the same product over and over again and still keep it popular because of it's "new" features. A bit like Debeers, Apple juices the time between IPhone models so that loyal customers have already seen a million ads for it, and are extremely eager to get in line for the next one. The problem is, corporations could care less about the welfare of the United States, for their money is not made entirely in the U.S. In fact, much of it is made outside the U.S., so they can take their business anywhere and make as much money as they can. On top of that, there is a large enough consumer base that is oblivious to the Kool-Aid they're drinking that there are no red lights holding out of control corporations back from ruling the world. To reverse this, Camden stressed how consumers must vote with their purchases, and sculpt the market in a way that is sustainable both economically and environmentally. Camden did a good job presenting his ideas and moral views, and highlighted why they should be everyone's moral views, which made the audience care about what he had to say.

    Liam's presentation spoke to a very real and very popular topic in Economics this year, the existence and abundance of low-wages at fast food restaurants. By explaining the pros of a higher minimum wage, Liam outlined why his topic was so important to address. While earning a living wage, American citizens could cease to worry about what they and their kids will eat day-to-day, and can start putting money back into the system, which is one of steps to attaining the "Virtuous Cycle" according to Robert Reich. Additionally, workers would be more eager to go back to a job that pays them well, and could even raise the bar of quality at their place of work, whether it be McDonald's or Wal-Mart. These major corporations known for being unsatisfactory in some ways could gain respect from many if they treated their workers with the same respect and dignity. Instead, McDonald's prices have gone up 30% since 2002, and wages have gone up a whopping 0%. Clearly, something must be done to save these workers from their bosses, and this country from its diet. Liam did a good job presenting, and had an interesting and attention-grabbing paper.

    I liked when Eloise said "McDonald's is stupid," because that is the kind of mentality that many do not have. The large number of people that go to McDonald's every day for one or more of their meals are either oblivious to all the immoral decisions McDonald's makes, or simply do not care. Unfortunately, both types of people exist, but spreading awareness, like Liam is doing, is how we can change this way of life one less Happy Meal at a time.
    5:30 am
  5. msg Economics 1500 Responses - 6/9 message posted Economics 1500 Responses - 6/9 I agree with Eloise's comment on Lindsay's presentation, especially when she says, " it is vir…
    Economics 1500 Responses - 6/9
    I agree with Eloise's comment on Lindsay's presentation, especially when she says, " it is virtually impossible for the average American to make it to the top." That was the main point of Lindsay's paper. No longer can Americans work hard to make it to the top. Instead, there is a growing amount of inequality, if it ever really decreased to begin with. Although the United States is so well off, its people are still suffering, and that nightmare must end.
    4:18 am
  6. msg Economics 1500 Responses - 6/9 message posted Economics 1500 Responses - 6/9 Lindsay's presentation was about the American Nightmare. The American Dream has wholesome value sys…
    Economics 1500 Responses - 6/9
    Lindsay's presentation was about the American Nightmare. The American Dream has wholesome value systems that American people should be able to enjoy. Today, the society has changed. The American Dream is a nation ethos of the United States that is achieved through hard work. There is a certain standard of living that citizens should receive so they can be happy. Now, Americans are brainwashed. People are more worried about having a car than having happiness. The government claims that throwing money at the rich will cause money to trickle down to the rest of the society because, after all, the rich create jobs. Not only is this terribly inaccurate, but it promotes corruption and love of power. The American Dream could allow for consumerism without necessarily causing people to go into debt. In California, blacks have a more difficult time getting the same jobs as white people. In the country, women and nonwhites have less important positions. Only white males have an equal footing in the American Dream. This is no longer the land of opportunity. Lindsay brought up wage and inequality to prove that the American Dream has turned into the American nightmare. She began her presentation with humor, and continued with a serious note that related back to the title.
    4:16 am
  7. msg Economics 1500 Responses - 6/9 message posted Economics 1500 Responses - 6/9 Lydia's presentation was about advertising in America. From the 17th century to this day, advertisi…
    Economics 1500 Responses - 6/9
    Lydia's presentation was about advertising in America. From the 17th century to this day, advertising is everywhere. In the 1600s, the British empire expanded. Back then, the form of advertising used was the handbill. These travelled to the North American colonies with the British. Then, new forms of advertising came about. Ben Franklin came up with the idea of advertising with pictures and the benefits or uses of a certain product. There was advertising for services and advertising for goods. The Pennsylvania Gazette is an example of a newspaper that began printing advertisements not just in one section, but throughout the whole paper. In the 1800s and 1900s, people went from small town to small town, advertising substances that could 'cure the elderly' or 'calm down rowdy children.' People finally figured out that it was a scam, so that form of advertising did not work as well. Then came the time of advertising agencies. They advertising to a more general group of people. Salesmen were more personal. They used slogans, and utilized advertising in newspapers. In the late 1800s, the idea of brands arose. Instead of everyone buying sugar, people could buy certain kinds of sugar. People began to associate logos with certain products. In the late 1920s, advertising over the radio became popular. During the Great Depression and World War II, different types of advertising came about, adapting to world. In the end, some forms of advertising last, and some forms do not. New forms of advertising come around, but advertising will always be a huge part of the society. Lydia went through the history of advertising very well, showing what changed as the world developed. She spoke as though she knew what she was talking about as the forms of advertising changed.
    4:10 am
  8. msg Economics 1500 Responses - 6/6 message posted Economics 1500 Responses - 6/6 I agree with Lydia's comment on Liam's presentation. Wages should increase when the price of food i…
    Economics 1500 Responses - 6/6
    I agree with Lydia's comment on Liam's presentation. Wages should increase when the price of food increases, and, in turn, productivity will increase. Nothing as awful as the corporations seem to think will happen will happen with a higher minimum wage. Corporations should care about the happiness of their employees, especially if it will help them in the long run. If an employee relies on public assistance, he knows that the company he is working for is doing something wrong. There is a lack of trust and no motivation to help this company that is doing nothing to help him.
    3:59 am
  9. msg Economics 1500 Responses - 6/6 message posted Economics 1500 Responses - 6/6 Liam's presentation was about happy meal and sad workers. He claimed that raising the minimum wage …
    Economics 1500 Responses - 6/6
    Liam's presentation was about happy meal and sad workers. He claimed that raising the minimum wage would not only boost the economy, but also the productivity within the restaurant. If fast food workers are paid more, they do not have to spend time worrying about their pay check. They will live happier lives and thus work harder when they come back to work. Liam did not say that a fast food employee should be paid the same as a CEO, but the employee does deserve to have a living wage, and, like Fast Food Nation says, they deserve overtime pay and benefits. If companies gave a higher pay, there would be less training involved because workers would not be quitting to get more money elsewhere. Just as Seattle raised its minimum wage, other states should do the same, so the rest of the Americans do not have to pay for government help. Already, the American public has paid $1 billion for McDonald's employees alone to receive government aid because McDonald's is not paying them enough. The cost of food has been going up at 30% since 2002, but wages have not gone up. McDonald's does not care about its employees and their life goals or their life at all. If it did, it would pay its workers a living wage. In the end, people must vote to have a higher minimum wage. Liam used ample evidence to prove that raising the minimum wage would not harm the corporation as much as they think it would. In the end, it would raise productivity and boost the economy. Only good can come from raising the minimum wage. Liam managed to prove how incredibly annoying corporations are and how incredibly obnoxious the United States government is. He presented well and really showed how each and every American should be paid a living wage.
    3:56 am

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