Communism, socialism, and capitalism

Communism chooses what you are good at and what you will study and all schools are public and uniform. Socialism, similarly, forces one into a solid 11ish years of education. However the government does not choose what you will study. There are public schools and private schools, depending on what you want to pay for. Capitalism and socialism are similar in the fact that you have a fair amount of choice when it comes to education. Capitalism is all freedom. You dont ever have to go to school because there needs to be an unskilled labor force. Schools are all private.

Raise minimum wage?

The minimum wage should not be raised. "About 60% of the officially poor don’t work, so the only thing raising the minimum wage does for them is to make it harder for them to get a job if they ever decide they want one." The idea is to lower the amount of people below the poverty line but if those people dont have jobs then it would only make the gap between the rich and the poor even wider. Also, if MW (minimum wage) is raised then widespread inflation will take over. Everything will cost more so nothing is being accomplished other than raising the price for everything. Small businesses also run into the problem of competing with large companies. They cant double what they are paying employees without losing just as much profit. Large businesses run into the problem of cutting low paying jobs. "Economists estimate that each 10 percent rise in the minimum wage leads to a 1 to 2 percent decline in the employment of low-skilled workers." Also, companies wont want to hire people for them to gain experience. If it is a serious financial commitment to hire a 16 year old then that 16 year old isnt going to be hired. "Entry-level jobs give people the chance to develop skills, receive training and prove their value to employers. If a higher minimum wage means fewer people get entry level jobs, then it is also deprives them of the opportunity to work their way into better positions." Kids wont be able to gain the work experience needed to persue a carreer. A teenager trying to find a job will be sucked into a world of employers wanting them to have job experience before being hired but no one will be willing to give them that experience. "But a worker demanding a higher wage is different from a worker proving to his or her employer that his labor is worth more money." People ought to work for their money not automatically start out at a high paying job for doing little. Employers will end up doing away with low paying jobs to save money, causing more unemployment and a wider financial gap between the rich and the poor. 

http://www.entrepreneur.com/article/223662#ixzz2mzmaC9BB

http://www.forbes.com/sites/williamdunkelberg/2012/12/31/why-raising-the-minimum-wage-kills-jobs/

http://www.deseretnews.com/article/865591955/Dont-raise-the-minimum-wage.html

Explanation

When you own a stock, you own a portion of a company. As that stock gains in value, you gain money. When you buy a stock it is considered either a trade or investment. A trade is short term buy. You are waiting for a specific even that will make that stocks value spike up quickly. This event is called a catalyst. An investment is a long term buy. Investments are made when you let a stock appreciate over a 10 to 15 year length of time. Over this time you get paid small portions of money for owning that company's stock. This is called a dividend.

lemonade stand game

Cup (1)-0.03

2.92/100=.0292

Sugar (1 tbsp)-.005

3.46/48=.07 (per cup)

.07/16=.005

Lemons (3)-0.16

4.08/75=.05

.05(3)=.16

Ice Cubes (9)-.06

3.54/500=.007

.007(9)=.06

TOTAL: 0.25

0.06+0.16+.005+0.03= 0.255

variables change. Weather is one of the biggest variables.
constants stay the same the whole time. When serving lemonade cups are always needed.
Perishables are things like ice cubes and lemons. these both go bad/ melt after a certain period of time.
 

What I got from this is that business changes. certain things will stay the same but you have to cater to other peoples needs. you have to learn from your mistakes and you have to learn what people are looking for in order to be successful.

lemonade stand game

Cup (1)-0.03

2.92/100=.0292

Sugar (1 tbsp)-.005

3.46/48=.07 (per cup)

.07/16=.005

Lemons (3)-0.16

4.08/75=.05

.05(3)=.16

Ice Cubes (9)-.06

3.54/500=.007

.007(9)=.06

TOTAL: 0.25

0.06+0.16+.005+0.03= 0.255

Taxes

My salary is 150000 dollars. Our factory was built in Austin Texas. The state taxes are a set price depending on the bracket you fall in plus a percentage. For me that was $17891.25 plus 28%. That brought me down to $95118.30. After that my national taxes were $20096 bringing me down to $75033.30.

October accomplishments and future plans

In october we had our first no technology day. We thought it was generally successful but i think we could have done better if we had put up posters around the school to advertise.
Our future plans are to have another day where instead of simply taking screens away we will give alternatives to sitting all lunch by having some sort of activity during the two lunches. We will probably have a third day in December, however we wont know specifics until after our day in November.

Black Jack

My experience while playing the game yesterday was kind of confusing. I didnt really understand the game since i had never played it or seen it played. I did do alright though. I started with 12 chips and ended with 13.

My investments

I invested in Apple and Nike because i identify with both. Apple was a trade because i waited for the Apple event on the 22nd. I just sold it for a gain of 74. Nike is an investment because they have had a very steady increase in their stock. They give a quarterly dividend of  1.11%.

Trade vs Investment

A trade is a short term investment that is waiting for a specific catalyst to make the stock go up. If the stock goes down you can either wait it out or buy more since the stock is on sale. Wen the catalyst happens the stock has to be sold otherwise emotion gets involved and money will probably will be lost. An investment is a long term commitment, like a marriage. Your looking to make money through earning dividends. Again when the stock goes down (around 15%), you want to either wait it out or buy more. This is mainly 4 to five year investment.

Stock market simulation

When we first came to class, we waited anxiously for Mr. Kapptie to tell us what we were doing. When it came time for us to enter the classroom, the only instructions were to take off our jackets because it was warm in the classroom. Once we entered, chaos erupted. There was a lot of obnoxious noises clouding our minds while we all scrambled to gather as much candy and money as possible, which was made even more difficult by the lack of lighting. As the game progressed the prices of each "stock" went up and down. I was given the hint to get rid of all my sweetarts. Unfortunately i could not utilize this since i had no sweetarts to get rid of. Later i bought the hint that tootsie pops would come out with a new product. However, just as i went to buy more the new product came out, making the price skyrocket. It seemed like it was extremely difficult to trade anything. The other students were pretty attached to their goods. In the end, I as not the most successful, having only $2000. This simulation worked really well to help understand how the stock market works and how/ why prices fluctuate.

20% project

I am doing my project with Kaitlyn, Carly, and Rachael. We are trying to get a day with no technology at the school because of the permnant attachtment to it that kids these days have. in september we brainstromed different activities that we can do. we got a prospective date as well.
In October we plan to have the day somewhere around the 23.

What are your plans after High School?

My plans are to serve a mission for my church and then go to school at BYU Provo.
Some job ideas to get me through school are a campus tour guide or a student tutor.
I would like to go into counseling troubled teens as a career.
I would get a 2013 Ford Focus cost: 17,105
I dont know where i want to live but i know it want it to be semi rural, definitely not urban. I also want to be close to the mountains/ other outdoor activities.
I learned that living on my own is going to cost a lot. Everything involves money so i will need a semi decent job to get me through college/ etc. until i can start a career.




http://jobsearch.about.com/od/college-jobs/ss/jobs-college-students_4.htm
http://www.kbb.com/tablet/index.html#/model/90/390320/sed#@144