How to deal with this question with the aid of supply-demand diagram?

a government offical said,%26quot;With the completion of hong kong disneyland,the unemployment rate of hong kong is going to drop further.Explain the above point.

How to deal with this question with the aid of supply-demand diagram?va loan

In theory, the presence of a Disneyland will attract more overseas tourists to come into HK, which means that consumption in the economy will be stimulated. Firms increase output to meet rising demand, which requires more employment; a greater number of workers are needed to produce a greater level of output. In the labour market the demadn curve has shifted to the right [demand increases], which causes the equilibrium employment level to increase. Also, due to the increased demand from increasing tourist volumes Aggregate Demand in the economy increases. So on an AD AS [Aggregate Supply] graph the AD curve moves right, which pushes up the price level [inflation increases].

Hope this helps (I%26#039;m from HK too!).

Can worker and consumer unions help?

Income, wage and wealth disparity continues to grow in the USA. We export factories and industries and good jobs for the benefit of corporations who capitalize on cheap foreign labor. We permit the unfettered illegal immigration of millions of people because our businesses and corporations capitalize on this cheap labor force. A combination of these factors is causing wage levels and our standard of living to decline. Businesses and executives seem immune as companies post record profits, executives make excessive incomes and the Dow Jones celebrates with new highs. A low unemployment rate hides the fact that most new jobs do not provide a living wage, offer health insurance or provide retirement benefits. The time seems right for the resurgence of unions. What do you think?

Can worker and consumer unions help?fha loan

Wow, some very simplistic views on here. Of course there are more than two sides to this one! Although I agree your explanation of the current state of affairs of the economy isn%26#039;t completely correct is has a lot of merit.

Firstly don%26#039;t forget that the supply of cheap labor from illegal immigrants also keeps the cost of living low ( very good for the lower, struggling classes you talk of) as well as maintaining international competitiveness.

Getting on to the actual question about unions, the previous entries have mainly focused on the wage implications, yes the collective bargaining of unions raises wages and thus usually the price of goods too. Like the minimum wage it is artificial, and can actually cause unemploment, draw it, its true!

However, unions also have many benefits to their members which are often overlooked. Discrimination, inequality, unfair dismissal, all of these problems can be solved easier with grievance procedures set out by unions.

In the end though there isn%26#039;t going to be a resurgence of unions. They help the working classes and the middle and upper classes detest them. But with such a large middle class and such at least perceived social mobility not even the working class will go for them!

Can worker and consumer unions help?

loan

As a capitalist, I will never agree with the need for labour unions. When they were introduced, they were a means to keep the conditions for workers safe, and ensure that people were not unfairly paid or treated.

The conditions you list are accurate - and very consistent with a capitalist society. Like it or not. The introduction of an increased presence of labour unions is the introduction of socialism...plain and simple. And not an effective way to have the country maintain its standing as a rich and powerful one. You will see corporations shut down and leave the country - and who could blame them? They are in business to provide jobs and make money. But when someone comes along and takes all control out of their hands, they will find a new place to open where they are free to be as profitable as they choose.

What the US needs is a stronger government that will do something effective with the illegal immigration situation. And the only socialist thing I could stand behind would be a national healthcare program...where ALL Americans would have access to healthcare.|||I very much disagree with your assessment of the current state of the US economy. It reeks of anti-corporate sensationalism.

Regardless, I think labor unions are an incredible detriment to society. What they effectively amount to is collusion in the labor supply. Collusion is expressly forbidden in the supply of most goods and services through anti-trust laws. Why should labor be any exception? Unions force anti-competitive practice and bring about artificially high wages at the expense of efficiency.|||Unions actually hurt the national economy and and only economic help they give the represented worker is when not every company is union.

You have two products - one union made and one non-union made. The union made product will typically cost more due to wages and benefits. So, the average union worker can afford his product and the less expensive non-union product. Lesser paid non-union workers can afford the non-union product but a disproportionate number will be able to afford the union made product. So, if every company were union, the union worker would lose a good portion of his buying power because the less expensive products would be gone.

Your premise that unions will reverse the disparity of income is wrong - it will only make it worse.|||Labor unions are never beneficial. They even do more harm for the people in them than good.

Where do republicans get the idea that democrats/liberals don't work?

With the unemployment rate at about 4.6% and the democratic party being approximately half of voting age people in the U.S., does it make any sense at all to believe democrats/liberals don%26#039;t work?

Where do republicans get the idea that democrats/liberals don%26#039;t work?secured loan

There are as many conservatives as liberals that don%26#039;t work. There are as many hard-working wealthy liberals as there are hard-working wealthy conservatives.

This nonsense about people wanting entitlements from their government applies to those of both political persuasions.

Alexander Tyler once said: %26quot;A democracy cannot exist as a permanent form of government. It can only exist until the voters discover they can vote themselves largess from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury, with the result being that a democracy always collapses over loose fiscal policy, followed by a dictatorship. The average age of the world%26#039;s greatest civilizations has been 200 years.%26quot;

The U.S.A. is at that perilous stage in its history. Lobbyists and big business accept all the corporate welfare they can garner. Senior citizens hold power over any politician who even dares to tamper with their Social Security. Hundreds of billions of dollars in government grants, give aways and tax incentives are distributed every year. Politicians keep their cushy jobs on Capital Hill by bringing home the bacon in the form of %26#039;pork%26#039; and %26#039;earmarks%26#039;. Citizens sign up for all the government entitlements whether they%26#039;re truly in need or not. It%26#039;s a bonanza....at federal lottery where everybody wins without working. Republicans and Democrats alike are to blame for such squander. And the squalor continues. Alexander Tyler was correct. We%26#039;re doomed to becoming citizens of a dictatorship or other form of totalitarian government, probably within the next fifty years or less. -RKO- 10/27/07

Where do republicans get the idea that democrats/liberals don%26#039;t work?

loan

I guess they cannot preform simple math equations|||just b/c half the people are Dems you say means nothing to whether it works or not. If I am not mistaken many others have tried to be further to the left and in those countrys you have more issues. and if you have not noticied the more liberal this country becomes the more issues we have. sure some issues seem to dissappear b/c to liberals they got rid of the problem but in reality all they did was change the law so that it was not considered a problem anymore it does not mean that the problem got solved.

Also dems/libs like government to play a major part in our lives helping us even agianst ourselves however what has government really ever done for us that has not taken away freedoms from us. also everyone has complained about the govt once in their life, so why would you want the govt to run more areas of your life.

Personally i want to be able to live life my own way, without being told that I must pay my earned income so that lazy people can live on welfare and not have to work, by the way I do not mean that all on welfare are lazy, but those that take advantage of the system should not be allowed. I prefer to give to the charity of my choosing every year not to the one that the govt calls welfare.

On top of that no one in government ever agrees on anything so it is always compromised one way or the other to get enough votes but that does not mean that one way or the other was not the correct way to go. And if they are willing to compromise then why are we listening to them in the first place since they dont believe enough in their own ideas to stick up for them, they compromise to look good in the eyes of the public and so they can maybe get reelected|||The biggest lie among neocons is that the liberals are a class of entitlement freaks. The fact is that many of us are quite wealthy taxpayers. Their allegations make for cheap rallying against us though. Just consider the fact that most Jews vote Democrat, even post-Reagan, while representing the most educated ethnic group per capita in the nation, and often among the most successful.