The Cost Of The Minimum Wage - 2450 Words

With one of the highest standards of living and one of the most stagnant minimum wage rates in the United States, Hawaii is not always the paradise that many consider it to be. Between 2007 and 2014—during which America went through one of its biggest financial crisis since the Great Depression, the minimum wage rate remained at $7.25. According to economic professor Amy Glasmeier’s Living Wage Calculator, a person with a spouse and two children would have needed to make $28.95 to subsist in the county of Honolulu, $21.70 more than the $7.25 minimum wage (Lam, 2015). As a result, in 2014, Governor Neil Abercrombie approved a proposal to gradually raise the minimum wage to $10.10 by 2018. He did this in hopes that raising the minimum wage would help workers meet the rising cost of living in Hawaii. 2015 saw its first wage increase to $7.75, and 2016 saw another increase to $8.50. While many minimum wage workers applauded Abercrombie’s decision to raise the m inimum wage, his approval has also been met with criticism, reflecting the current nationwide debate over raising the minimum wage. The debate over a minimum wage can be traced back to the beginning of economic thought. The origin of two types of economic theories, the labor theory of value (which supports a minimum wage increase) and the utility theory of value (which opposes a minimum wage increase), came from Adam Smith, the first economist to develop a consistent view of capitalism (Hunt, 40). Smith mainlyShow MoreRelatedThe Cost Of Minimum Wage Essay984 Words   |  4 Pagesintroduced minimum wage as a part of Fair Labor Standards Act of 1938. The purpose of minimum wage were to prevent poverty and to stimulate the economy by increasing consumer’s purchasing power. However, in 2015, 78.2 million workers were paid hourly, representing 58.5% of all workers in the United States. Among those people, 870,000 workers earned the minimum wage, $7.25 per hour and 1.7 million w orkers earned below the minimum. In total, 3.3% of workers earned exactly or below the minimum wage. For yearsRead MoreMinimum Wage And The Cost Of Living Essay1518 Words   |  7 Pagescomplex of living in the United States which is supposed to be the land of the free. The cost of living now these days have put those who only make minimum wage in poverty stricken situations, which now they have no choice but to depend on the government to live. We either have to lower the cost of living so that people can live a somewhat sustainable life, or raise the minimum wage so that we can afford the cost of living that is provided to us. Somethings got to give, it s obvious that we cannotRead MoreThe High Cost Of Minimum Wage929 Words   |  4 PagesThe high cost of minimum wage For a while now many have been demanding minimum wage be brought up to 15 dollars. Strikes and protests for it are nothing new. Who wouldn t want to get paid more? This idea seems promising, but it may turn into a deadly trap ready to paralyze our economy. Minimum wage should not be raised to 15 dollars for at least several years because it will ruin our economy. It would be very costly, unfair and counterproductive if that were to happen. Raising minimum wage to 15Read MoreShould The Minimum Wage Be An Investment Or A Cost?1203 Words   |  5 Pagesand not the companies. It has been agreed upon that in Ontario â€Å"The general minimum wage rises to $11.25 an hour, from $11† (Herhalt, 2015, para.2). Obviously there is a decision to be made of how many new employees to be hired. To companies this is the price to do business in the future while employees view this as their monetary income. Alas the conundrum appears, do companies view minimum wage as an investment or a cost to the organization. There are both positive and negative standpoints to thisRead MoreThe Cost Of Idealism : Setting The Appropriate Minimum Wage1618 Words   |  7 Pages The Cost of Idealism: Setting the Appropriate Minimum Wage Blake Kaiser-Lack Williams Economics 19 November 2015 In Seattle this past August, Ritu Shah Burnham and his 11 co-workers at a small ZPizza lost their jobs and business to one seemingly beneficial culprit: the minimum wage. After huge wage hikes in cities like Seattle, San Francisco, and Oakland, small businesses similar to Burnham’s have been following suit due to increased labor costs that eradicate businesses’Read MoreIncrease In Ontarios Cost of Living Tied to Minimum Wage Increase808 Words   |  4 PagesResearch Question. Should increases to Ontario’s minimum wage be tied to the cost of living? Minimum wage is something that maintains the stability of a states economy. Minimum wage is regulated by the provincial government where the most minor of changes creates an exponential ripple effect through both local and international economies. A minimum wage is the wage that is able to provide not only for bare physical needs but also for preservation of efficiency of workers plus some measure of educationRead MoreDetermining The Cost Per Hour Difference Between A Minimum Wage1183 Words   |  5 Pagesthis report is to determine the cost per hour difference between a minimum wage employee working 40 hours per week for 52 weeks located in Cornwall, Ontario and Pittsburgh Pennsylvania. The result of this report will be used for the establishment of a new distribution centre. All the elements of employee’s salary in the city of Cornwall and Pittsburgh will be covered in this report. The report will make the use of exchange rate for comparing the difference in wages in two c ountries now and after theRead MoreRaising the Minimum Wage: A Counter-Intuitive Solution Essay753 Words   |  4 PagesWhile some believe that raising the minimum wage will resolve poverty issues and lack of pay with the signing of legislation, the raising of the minimum wage to $10.10 an hour (as advocated by President Obama and the Democrats) would cause the poverty issue to be worse than it already is; inflation would occur, employees would be laid off, and minimum wage employees would lose welfare benefits, thus offsetting the wage increase. The Government should consider the effects on the American economy asRead MoreA Brief Note On Raising The Minimum Wage1503 Words   |  7 PagesWage War Alternatives to Raising the Minimum Wage Minimum wage is a topic of considerable controversy and a significant source of economic stratification. Essentially, the minimum wage policy is what defines the baseline income of â€Å"low level† or â€Å"starting positions.† Here in the U.S. most individuals will at some point in their life hold a minimum wage position. According to the U.S. Bureau of Labor Statistics, about 58.5% of U.S. citizens were paid at hourly rates, and about 2.6 million workersRead MoreThe Minimum Wage Policy During The United States1714 Words   |  7 Pagesincrease the federal minimum wage. Headlines throughout the country highlight recent minimum wage policy changes in major cities such as Los Angeles and Seattle. Last month, Governor Andrew Cuomo of New York announced an approved minimum wage increase to $15 an hour for all fast food workers in the state (McGeehan). Even the website for the White House has a separate page, â€Å"Raise the Wage,† advocating for Congress to increa se the federal minimum wage to $10.10 an hour (Raise the Wage). The most commonly

Women s Suffrage During The Nineteenth Century - 1932 Words

The 1850s were a tumultuous time in the United States of America. As the country expanded westward, many important questions regarding slavery were arising. Mainly, there was a dispute between the South and the North over what newly admitted states would be free, and which states should sanction slavery. The debate was resolved—albeit temporarily—by the Compromise of 1850. All the while, women in the United States were also pushing for equality. Although women did not receive the right to vote until the Nineteenth Amendment was passed in 1920, the women s suffrage movement picked up measurable gains during the time around 1850. Most notably there is the first women’s rights convention, held in 1848 in Seneca Falls, New York. This event†¦show more content†¦Additionally, the hardships Hester experiences demonstrate Hawthorne’s point of view that women go through much more criticism than men, yet through Hester’s eventual successes, he proves that women are still able to remain strong and live out their lives. Although Hester consistently displays her composure and strength, she is still regarded as weak because she is a woman. When elaborating on the ‘A’ Hester must wear on her bosom, the narrator describes Hester as â€Å"the general symbol at which the preacher and moralist might point, and in which they might vivify and embody their images of woman s frailty and sinful passion† (53). In town, men point to Hester to depict women’s weaknesses. Regardless of Hester’s actions, she is still viewed as inferior to other men. As the novel progresses, Hester proves her worth to society by feeding the poor and nursing the sick. The narrator then notes that â€Å"some attribute had departed from her, the permanence of which had been essential to keep her a woman† (100). Instead of entertaining the idea that a woman could naturally be strong and helpful, those around Hester view the change as Hester losing her womanhood. She is not seen as a strong woman. R ather, her act of gaining strength is regarded as the loss of her womanhood. This overtly sexist standard suggests that Hawthorne thought it to beShow MoreRelatedWomen s Suffrage During The Nineteenth Century Essay1488 Words   |  6 PagesThe women’s suffrage movements began to emerge during the first half of the nineteenth century. In the United States, a handful of Western states already granted women’s suffrage during the nineteenth century. However, in the majority of states the enfranchisement of women followed only after the nineteenth Amendment to the United States Constitution, which granted full voting rights to women in 1920. Similarly, British women gained partial suffrage through the Representation of the People Act ofRead MoreWomen s Suffrage During The Nineteenth Century975 Words   |  4 PagesWhen the Nineteenth amendment passed, women were encouraged by the suffrage organizations to take part in their nation’s politics. Many women were electe d to political offices in the 1920’s. In this time frame seven women had been elected into the House of Representatives. However, no women were elected for positions in the Senate. Although seven women may not seem like a lot that was only on the national level and was a big victory for the suffrage organizations. The greatest success came at theRead MoreWomens Suffrage in the 1800’s-19th Century Essay1190 Words   |  5 Pages Women, like black slaves, were treated unequally from the male before the nineteenth century. The role of the women played the part of their description, physically and emotionally weak, which during this time period all women did was took care of their household and husband, and followed their orders. Women were classified as the â€Å"weaker sex† or below the standards of men in the early part of the century. Soon after the decades unfolded, women gradually surfaced to breathe the airRead MoreWomen s Rights Movement Duri ng The Nineteenth Century1632 Words   |  7 PagesAPUSH I May 26, 2016 Women’s Rights Movement Women in the nineteenth century began to fight for their rights as they were inspired by other abolitionist movements. Women were denied basic natural rights that were given to men. For example, women were not allowed to vote or own property. They also earned less money than men, even if they were working the same job. Men also had a more variety of opportunities in regarding jobs and careers. Women were expected to care for the children and theRead MoreWomens Suffrage Movement947 Words   |  4 PagesThe Woman’s Suffrage Era â€Å"The only Question left to be settled now is: Are Women Persons?† Susan Brownell Anthony inquired in a speech she divulged during the 1800s, after she was arrested and fined for voting the year before. During the 1900s, and many years before that, women became vile to the fact of feeling suppressed.Two particular women became repulsive to the fact that Women voting was a taboo subject. Because of the impact these women had on the society, The women s suffrage movement tookRead MoreThe Struggle For Gain Suffrage884 Words   |  4 PagesThe struggle to gain suffrage was not easy: anti-suffragists and the gender norms of society constantly interfered, leading to nearly a century-long battle of rights. Unlike preconceived notions about the suffrage movements of the nineteenth century, not all women wanted to obtain suffrage and women s organizations weren t always focused on the right to vote itself, but rather were radical. Change and new leadership were needed to refocus and improve women s suffrage organizations in order toRead MoreA Brief Note On Women s Suffrage Movement1379 Words   |  6 PagesRough Draft Woman’s Suffrage Movement During the early 19th century many women were involved in social advocacy efforts, which eventually led them to advocate for their own right to vote and take part in government agencies. Women fought for their voices to be heard in politics. The 19th amendment was one of the most essential turning points in history; before their voices were not as valuable as their husbands or fathers, until 1920 when the 19th amendment was ratified and gave us a new beginningRead MoreWomen Suffrage Essay Outline1137 Words   |  5 PagesThe Women Suffrage Alexis Kallenborn Mrs. T. Westling English III 13 October 2017  Outline Thesis Statement: Due to the Hardiments of Determined Females, Because of their Hostile feelings towards Woman Suffrage, Society began to view them as a part of the Union. Introduction I. Suppressed Women of the 19th Century Women s Role in Society Woodrow Wilson s Beliefs. The Society s beliefs on Woman Suffrage II. Woman Suffrage Movement Susan Brownell Anthony s contribution CarrieRead MoreWomen s Rights And Abolitionist Movement Essay985 Words   |  4 PagesMovement Women’s Rights Abolitionists Back in the nineteenth century men and women were not treated equally as they are now. Women did not have as much freedom as the men did and that caused a national movement. Not only were the women segregated from the men, but the discrimination against the African American race was a huge ordeal as well. With both movements combined, it led to a controversial development at that time. Not only were women fighting for equality, they were also fighting forRead MoreThe Women s Suffrage Era1209 Words   |  5 PagesThe Women’s Suffrage Era â€Å"The only Question left to be settled now is: Are Women Persons?† Susan Brownell Anthony inquired in a speech she divulged during the 1800s after she was arrested and fined for voting the year before (women s rights to the suffrage pg. 2). During the 1900s, and many years before that, women became vile to the fact of feeling suppressed. Two particular women became repulsive to the fact that women voting was a taboo subject. Because of the impact, these women had on the society

Young and Middle Adulthood free essay sample

Michael is 45 years old, and is considered to be in his middle adulthood stage. In this stage in life he will experience changes in physical strength, reaction time, loss of hearing, and a few health changes. These issues might develop earlier than usual since this man does not care about his physical health or appearance. Michael spent 20 years of his life as an attorney and is now a mentor for troubled male youths. He is dating a 45 year old woman who has 3 adult children of her own. Michael has no children of his own but does not seem to mind surrounding himself around them. Maybe he wants kids but never had the opportunity to have any. He has insecurities with his relationship with Tina, his girlfriend, and he would like to take their relationship to the next level but is unsure Tina feels the same. It seems like maybe Michael has had commitment issues over the years, drowning himself in work and helping others. We will write a custom essay sample on Young and Middle Adulthood or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Michael is 200 pounds overweight, and his girlfriend is the complete opposite, she likes to go to the gym and spends up to 4 hours at a time, there. He has no interest in going to the gym, but Michael and Tina seem to get a long pretty well, despite the limited time they get to spend with one another, and Michael and Tina do not live together. Michael’s girlfriend vowed to be celibate until she remarries and Michael respects that. Michael fears that Tina is emotionally unavailable, which can also be a reason why he stays so strongly connected to his friends and minister at his church. Taylor is Michael’s 37 year old sister who is HIV positive due to a blood transfusion gone awry. She lives with him and does not work but cooks and cleans for him, buying the food he enjoys which is high in fat and calories. This is not good for Michael seeing how his doctor has informed him of this being a high health risk due to the family history of cancer. She lives an unsafe lifestyle, not taking the proper precautions while having sex with men. Michael does not agree with her lifestyle and tries to express his concern but Taylor does not listen. Michael should express his concern about her careless lifestyle a little more stern and often. Taylor, Michael’s sister should be a little more open to what her brother has to say. Living HIV positive and being unsafely sexually active is very dangerous, she is putting other people at risk of getting sick. HIV is not a curable disease. Maybe Michael should gather more information about the disease and inform his sister of the dangers of her actions because maybe she just lacks the right knowledge of her disease. Taylor, enables her brother Michael, to live an unhealthy lifestyle as well, by cooking high-fat, high-calorie meals for him. Michael’s doctor diagnosed him with high blood pressure, which is quite common in 40 percent of adults his age. Knowing their family history, Taylor should try and have a little more concern for her brother’s health. Michael is trying to get healthier, he is taking medication for his high blood pressure, and cutting back on the foods he enjoys most, which is a good start, but exercise would also aide in the minimization of health risks as he gets older. Maybe if Michael’s girlfriend, Tina would express her concern about his health, he might be a little more inclined to becoming physically active and start exercising regularly and it might help him notice his girlfriend’s improvement in their emotional connection. â€Å"It is apparent that being infected with HIV is associated with chronic immune activation and that this is reduced when viral loads are suppressed with highly active antiretroviral therapy† (HIV disease: fallout from a mucosal catastrophe? (2006, March). Nature Immunology, 7(3), 236.). Michael seems to be a push over. He enables his sister to live a careless lifestyle and allows her to live in his home and does not show concern about her not working. He has issues with his girlfriend but does not address his obvious concerns about Tina’s lack of emotional connection. Michael may have a communication issue with family, he seems to be very open around his friends and minister but lacks the assertiveness needed to address other personal problems he faces. In a sense, it is less stress upon his life but in the long run, he will get nowhere. References HIV disease: fallout from a mucosal catastrophe? (2006, March). Nature Immunology, 7(3), 236. Zastrow, C. H. (2010). Understanding Human Behavior and the Social Environment (8th ed.). Mason, OH: Cengage Learning.

Statement of Intent free essay sample

It is noteworthy to mention that XX is well reputed and the only international university in the country. The well designed course curriculum along with associated lab works of XX drove me towards depth study of all basic modules of electrical engineering. The practical essence of theories always inspired me with newer lines of thinking. The industrial attachment after the end of my third year left a huge impact on me as witnessed the practical phenomenon of electrical engineering. Two weeks training at HAY, one week training at JAZZ and one week training at POP made me more inquisitive than ever before.Besides the core Electrical Engineering subjects also studied power and energy related subjects like study of these subjects helped me to get an A thorough insight at power system engineering. This is also an immersing sector in our country with a lot of available scopes to work on. The technical challenges encountered in expanding a new sector provided motivation to adjoin myself in research work on power sector. We will write a custom essay sample on Statement of Intent or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page As the partial fulfillment of the requirement for the bachelor degree I chose to work on sustainable form of electricity. My undergraduate thesis topic was WWW.As sustainable electricity or energy security, environment pollution, and the climate change are now key challenges before the world community, the main objective of my thesis was to give a brief idea on electricity sustainability, nuclear power and discussed about a sustainable diversified energy mix suitable for Bangladesh where nuclear power plays the major role. Alongside my academic work, I am very much active in co-curricular activities. During my study in XX was involved in organizing a number of seminars, presentations on a range of technical topics and technical tours. Organizing such programs through teamwork assisted me to hone my leadership and interpersonal skill. But the greatest advantage of being involved in these activities was that developed the ability to multicast effectively. Darts University of Applied Sciences distinct niche in Power Engineering research encourages me to apply into its International Master of Electrical Engineering (MIMES) program. Its ongoing projects and researches in my field of interest are fascinating to me. There are some specific reasons why think this program and my future career plans are confluent.The first reason comes from my deep personal interest to research works. I have come from an underdeveloped country. Though XX provides an excellent research background for an engineering student, it lacks highly sophisticated research facilities and proper Industrial collaboration. I believe that the state-of-the-art research facilities, research centers and laboratories of Darts University of Applied Science will provide me the opportunities to implement my undergraduate knowledge into some apposite empirical researches. The second reason is derived from my liabilities to my country.Bangladesh is a developing country which is now on the brink of a major social and economic change. During this period my country will require a number of experts on Power System and Energy because right now my country is struggling to meet her Energy demands. I want to contribute my knowledge and expertise in these fields so that the people and my country can avail the advantages of my expertise in these fields to its full extent. The MIMES program, believe without any doubt, will prepare me appropriately and adequa tely to make some significant contribution to my neutron. The third reason is the social and intellectual benefits of this graduate program. Darts University of Applied Science provides a fascinating cosmopolitan milieu where the students from different cultures and disciplines can share their thoughts, opinions, knowledge, and views. Am sure that this sharing of insights will broaden my cerebral and social capabilities to a great extent. Among many prominent technology universities, I chose Darts University of Applied Science because it is one of the biggest technology universities in Germany and it is peccadillo in technology and engineering.It is among the top ranked universities of the world. Interdisciplinary subjects and seminars, subjects regarding engineering have motivated me to apply for this subject. My aim in seeking admission to Darts University of Applied Science is to avail the advantages of securing the best of knowledge and the opportunity of the best academic facilities in the world. I believe Darts University of Applied Science is the perfect place for me where my potential will be flourished.It will test my abilities to the highest limit ND provide me the best combination of knowledge and professional guidance in the field of Germany became my first choice for masters due to a number of reasons. Firstly, lots of positive feedback from other students who are currently studying in Germany. In Germany there are about 370 institutes of higher education, and around 200 universities of the applied science. Germanys federal structure and the cultural sovereignty of each federal state ensure that the country boasts a wealth of different cultural institutions and a vibrant cultural scene.

Free Essays on San Salvador

San Salvador, which is the capital of the Central American country El Salvador, was founded in 1525. A few years later, the city was moved to it’s present location in a valley near a volcano. The population density is very high, for there are almost 1.5 million people in this small city. Many people in the city live in small apartments with their families, in old, decaying buildings. Overpopulation and crime are among the major problems, as well as an unstable government. The government of El Salvador’s constitution was just adopted in 1991. The president is elected every five years, and a new president, Francisco Flores Perez was elected in 1999. Some of the major industries in San Salvador are chemicals, processed food, and textiles. It is also a major agricultural distribution center for El Salvador. The Pan American Highway links San Salvador to other major cities in Central America, as well as the United States. In recent years there has been civil war, a s well as border disputes with neighboring countries, including Honduras, a dispute which was just settled recently. Much of the civil war in the country has faced family member against family member, causing many problems, such as homelessness, many orphans, and an increasing number of slums surrounding the city. It is estimated that only half of the men and women living together in El Salvador are married, causing instability in family life in the cities and slums. While the literacy rate remains relatively high- most adults can read and write- the education system is poor. It is believed more than half of elementary age children have no school to attend.... Free Essays on San Salvador Free Essays on San Salvador San Salvador, which is the capital of the Central American country El Salvador, was founded in 1525. A few years later, the city was moved to it’s present location in a valley near a volcano. The population density is very high, for there are almost 1.5 million people in this small city. Many people in the city live in small apartments with their families, in old, decaying buildings. Overpopulation and crime are among the major problems, as well as an unstable government. The government of El Salvador’s constitution was just adopted in 1991. The president is elected every five years, and a new president, Francisco Flores Perez was elected in 1999. Some of the major industries in San Salvador are chemicals, processed food, and textiles. It is also a major agricultural distribution center for El Salvador. The Pan American Highway links San Salvador to other major cities in Central America, as well as the United States. In recent years there has been civil war, a s well as border disputes with neighboring countries, including Honduras, a dispute which was just settled recently. Much of the civil war in the country has faced family member against family member, causing many problems, such as homelessness, many orphans, and an increasing number of slums surrounding the city. It is estimated that only half of the men and women living together in El Salvador are married, causing instability in family life in the cities and slums. While the literacy rate remains relatively high- most adults can read and write- the education system is poor. It is believed more than half of elementary age children have no school to attend....

Region Report Essay Example | Topics and Well Written Essays - 1500 words

Region Report - Essay Example For a region with such modest total land area, it is host to a large number of different languages. There are examples from the Germanic group (German, Dutch, and Danish) and the Romance group (French) (de Blij and Muller, 2004). The large number of languages spoken in Western Europe is somewhat of a hindrance to the unified Europe movement, but the EU seems to be dealing effectively with the heterogeneous nature of its membership. Western Europe has an additional advantage in the area of language: it enjoys one of the highest literacy rates in the world. In the western part of this region, English is perhaps the most common language, but its influence diminishes as one heads east in Europe (MapQuest, 2005). The most powerful country in the region is Germany. It is the most populous, has the strongest economy, and is influential in the EU. Its geography features northern lowlands, uplands in the central area, and the Bavarian Alps in south Germany led much of the world into war twice during the twentieth century. After each world war, nations of the world were eager to restrict Germany’s industrial power, since it had been so integral in the success of Germany’s military. But in West Germany, the American-led Marshall Plan sought to rescue Germany’s economy so that it would not be faced with the same economic stability that had allowed the Nazional Party to rise. As a result, West Germany was organized into a modern federal state with strong democratic principles. Its economy grew rapidly: from 1949 to 1964, its GNP tripled and industrial output steadily rose (de Blij and Muller, 2004). West Germany’s political leaders aggressively sought new trade partners, and took advantage of the nation’s central location. Its infrastructure demolished, it built new transportation networks and facilities based on the latest technology (de Blij and Muller, 2004). In 1990, it reunified with East Germany and took on the economic burden of its flagging

SUSTAINABILITY AND PROFITABILITY OF MICROFINANCE INSTITUTIONS IN Thesis

SUSTAINABILITY AND PROFITABILITY OF MICROFINANCE INSTITUTIONS IN NIGERIA - Thesis Example Such organizations are able to grant small micro loans to members of the lower class who can both demonstrate a need and a means to pay back the loan. In addition, the findings of this report indicate that microfinance institutions are beginning to provide needed financial services to help individuals begin to save and get themselves on the path towards financial independence. At the same time, microfinance institutions in Nigeria are facing difficult challenges to their own sustainability and profitability moving forward, so the recommendations contained in this study are designed to push the institution in a more successful future. Throughout the world, it has become increasingly noticeable in recent decades that the gap between the developed and developing nations of the world continues to widen to an almost unfathomable proportion. This truth is not only been seen from an individual wage earner’s perspective, as it is truly a regional and global economic phenomenon1. In an increasingly competitive, modern, and globally connected society, developing nations are often left behind in the movement towards progress and economic expansion. With this reality in mind, it can be seen that the gap is now increasing almost exponentially, with individuals and businesses in the poorest regions of the world left wondering how they will ever find the financial and human capital necessary to improve upon and provide for their own eventual economic freedom2. It is no secret that much of the world has been concerned over the course of the past century with the amount of poverty that is existent in various parts of the globe, and how the rate of poverty seems to only be increasing. Consider the abject poverty and poor economic infrastructure that has been endemic to the countries of West Africa for all of the modern era. One of the primary reasons limiting economic expansion in countries such as Nigeria is that basic lack of access