Thursday, December 19, 2013
Capitalism today
Like many nations, the United states has a mixed economy that falls between Capitalism and Socialism. Capitalism can be seen in a paycheck when the government makes the employer take out a percentage for social security. For the minimum wage job understand that the federal government is for the legally enforced pay scale, but without it workers could be payed less. You will also see governmental influence in social welfare and healthcare programs as well as many other aspects of American life. For example the federal government regulates taxes and adjusts interest rates and provide unemployment benefits and more. The government has a role in a very large percentage of America.
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