Society itself has taken a toll into the economic backdrop such as inflation, unemployment, company bankruptcy, government shutdowns and reduction in work hours that have contributed in this predicament. ... Another aspect of the increase in wages directly affected the unemployment rates due to cause and effect of the sheer fact that the cost of labor has now increased reducing the demand of the hirable workforce; this makes a competitive businesses hire less people if the revenue does not meet the desired amount based on the labor costs. ... Housing situations based on the amount of individu...

• Word Count: 1355
• Approx Pages: 5
• Grade Level: Graduate