Future - Substitute Everything
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Future - Substitute Everything
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Even before the world was turned upside-down with the COVID-19 Pandemic, schools faced a major dilemma finding substitute teachers. The pool had become increasingly slim, and the shortage put school districts in an extremely tough place as they scrambled to find replacements as needed.
Amid the pandemic, the role of substitute teacher was reevaluated across the country. In the state of Iowa, restrictions were adjusted, and the average pay raised to entice workers into the field. The shift was made due to the expectation for increased demand in the coming years. Now, anyone with an associate degree or 60 hours of credit at a regional accredited institution and the completion of an approved substitute authorization can become a substitute teacher.
Virtually all schools are fighting this same battle. No matter the reason, substitute teachers are few and far between these days. Districts have felt the crunch as they scramble to find quality substitutes to fill the gaps every day.
The importance of budgeting cannot be understated. A budget, also known as cash flow, is arguably more important than the actual cash that you have in your bank and investment accounts. Your cash flow is what allows you to pay for everything (or not).
Previously, we took the supply of labor as given. That is, we assumed that firms could hire as many workers at the prevailing real wage. Realistically, we have to recognize that workers make a choice regarding how much they work and this labor supply decision interacts with firms' demand for labor to set the real wage and employment level in the economy. The labor supply decision involves the following: There is a labor-leisure trade off that individuals face. Workers trade off the benefits from working (more income) and not-working (more leisure time) with the costs of working and not-working.
The labor-leisure decision problem is an inter-temporal decision problem. Workers consider current and future consumption as well as current and future leisure in the decision on how much to work today.
Income and Substitution Effects Consider how an increase in the current real wage affects a worker's labor supply. From microeconomics we recognize that there are two offsetting effects: Substitution effect of an increase in the real wage, w. As w increases, income increases by working more and a worker substitutes work for leisure so labor supply, NS, increases.
Income effect of an increase in the real wage, w. As w increases, working the same number of hours still gives an increase in income so that a worker may decrease the number of hours worked and maintain the previous level of income so labor supply, NS, decreases.
Which effect wins out when w increases is ambiguous since it depends on personal preferences towards current and future consumption and leisure.
Remarks by the President After Visit with Employees at Nebraska Avenue Homeland Security ComplexNebraska Avenue Homeland Security ComplexWashington, D.C. President's Remarks view listen 2:43 P.M. EDT THE PRESIDENT: I appreciate Governor Ridge giving me a tour ofthis important facility. It's -- we're working hard to make surethat we do everything we can to protect our homeland, coordinate amongthe various agencies, until we get a department of homeland security. Our House of Representatives has passed a good bill. The Senate isstruggling with a bill. I urge the Senate to get a bill to my deskbefore they go home, a bill which give us the flexibility necessary tomove the right people to the right place, in order to better protectthe homeland. A bill which safeguards prerogatives that formerPresidents have had, in regards to national security matters. We're ata time of war, and the Senate shouldn't be making it harder for anadministration, whether it be this one, or future administrations, todo their job. Nor should the Senate be trying to strip thisadministration or future administrations from any prerogatives or powerthat former administrations have had. We're aware that there is hard work on the Senate floor by SenatorGramm of Texas, a Republican, and Senator Miller of Georgia, aDemocrat, to develop a comprehensive substitute for a piece oflegislation which we believe is flawed. We hope the Senate would workwith Senator Gramm and Senator Miller, vote that bill off the Senatefloor, so we can get it to a conference committee, and get the bill tomy desk before they go home. This is a really important piece of legislation. America is stillthreatened. There are enemies out there which still hate us. We mustdo everything we can to secure the homeland today, and at the sametime, leave a legacy behind so future Presidents and future members ofCongress can deal with what will be an ongoing threat to our freedomsand to our people. But anyway, I appreciate your hospitality, Governor. You've gotsome fine people here working hard on behalf of the American people.It's wonderful to see you all again today. Q Is one vote enough -- is Zell Miller's vote enough on thiscompromise? THE PRESIDENT: I'm not counting votes, I'm just calling on theright -- calling on the Senate to do the right thing for the Americanpeople. Q Did you hear the Iraqi Foreign Minster's speech at the U.N.,sir? What did you think of it? THE PRESIDENT: I didn't hear it, but let me guess: the UnitedStates is guilty, the world doesn't understand, we don't have anyweapons of mass destruction. It's the same old song and dance thatwe've heard for 11 long years. And the United Nations Security Councilmust show backbone, must step up and hold this regime to account.Otherwise, the United States and some of our friends will do so. For the sake of peace, for the sake of world security, for the sakeof a viable United Nations, they must act. And if they don't have itin their will to do so, if they're not willing to fashion a resolutionwhich is new and different and strong, and holds Iraq to account, holdsthem to the agreements they have made, the United States will bewilling to do so. Q Should the American people prepare themselves for war withIraq, Mr. President? THE PRESIDENT: The American people must understand the seriousthreat which Iraq places on America. We've learned after September the11th that oceans no longer protect us from an enemy. We also know fullwell this is a man who has invaded two countries, this is a man who haspoisoned his own people, this is man who's poisoned his neighbors, thisis a man who says that Stalin is his hero, this is a man who hates,this is a man who doesn't believe in freedom, this is a man who hasweapons of mass destruction and says he doesn't. He poses a seriousthreat to the American people. And the first step is to get the UnitedNations to prove to the world whether it's going to be relevant orwhether it's going to be a League of Nations, irrelevant. END 2:48 P.M. EDT Printer-Friendly Version Email this page to a friend IssuesBudget Management
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"If the price of food went high enough I could get used to anything," offered one taste tester surveyed by the Monitor after sampling imitation bacon and pecans and substitutes for tuna and peanut butter.
For example, take pilchard. Ten Monitor testers did, and seven thought it tasted similar enough to tuna to substitute for it -- even though pilchard has a stronger fish flavor than tuna. Packed in water and priced at only 59 cents for a 7-ounce can -- 20 cents less than the cheapest brand of tuna and almost $1 less than the top-of-the-line tune -- pilchard is likely to become a part of their diets, several said.
Not all new foods and substitutes get the raves pilchard did from marketer and consumer alike. But much like the classic case of margarine, born of the high prices caused by Word War II shortages and viewed at first as a cheap imitation butter, many new products will become popular additions to the American diet, says Howard Mattson, director of the Institute of Food Technologists. He points in particular to vegetable-based proteins that are expected to eclipse animal proteins as a cheaper, often more nutritious, products.
"Food technologists are always looking for another [case like] margarine," he says. Consequently, consumers can already find cheaper substitutes for everything from hot dogs to steak, cheese, nuts, milk, and coffee.
"Sometimes, though, people just don't want to buy a substitute that appears inferior to the real thing. So, why not make a whole new food?" suggests Judi Trujillo of the American Soybean Association. "After all, pizza and yogurt weren't foods [to Americans] once. Yogurt was at one time strange and now it's in the lunchboxes of America."
Wages for working Americans have been falling since 1999. 21 million of our citizens who want work are unable to find full-time employment. Nearly 1 in 2 African-American teenagers looking for a job cannot find one. Yet today at 5:30 pm the Senate will be voting on whether to limit debate on a 1,200 page substitute immigration bill that would further reduce the wages of job prospects for struggling Americans for years to come.
This bill would result in a massive increase in the future flow of legal immigration. Under current law, the nation would allow 22 million new immigrants over the next two decades. CBO finds this figure would grown by an additional 16 million. Including the legalized illegal immigrants, 30 million individuals would receive legal status by 2023 and 46 million by 2033. 041b061a72