>> Business Economics
Select a news article dated within the previous two months and analyze the issue using the economic concepts and theory learned in this class. Include at least one graph developed in our course. The paper should be 5 pages long. Possible concepts include:
- taxes and consumer or producer surplus
- demand, supply, and equilibrium price of a particular product
- elasticity on a particular product
- perfect competition and imperfect competition, such as monopolies
- labor market, wages, and income inequality
- poverty and public policy
- another topic selected by the professor
Choose Topic: "Labor market, wages, and income inequality", Selected News from the The Wall Street Journal and US News and described the concept using the Gini coefficient and other macro economics parameters.
Report is written in 2000 Words count and properly references.
Preview Container content
The following report gives the economic analysis of the topic chosen: “Labor market, wages, and income inequality” in the advanced countries like United States of America. To make the discussion concise and under the scope, the country chosen for the analysis is United States. The news article chosen as the reference point for the report submission has been taken from the US News and the New York Times. The references for the same are given in the bibliographic section at the end of the report.United States of America – News on Labor market, wages, and income inequality
On August 27, 2014, Peralta of US News (2014) had mentioned the news that “the wages in America have decreased for almost one and all this year”. However, the subtitle of the news also mentioned that the report published by the Economic Policy Institute of USA (EPI) mentioned that the changes in the policy have the potential to address the problem of income inequality. The situation was really alarming, as the news mentioned a fact that the wages for every economic of group are lesser than what they used to be at the end of the global