A Report on American Economics in English Includes Social Security

A Report on American Economics in location of meat Includes companionable Security 006 American Government-Economics Most of the problems of the United supposes are related to the economy. oneness of the major issues facing the country today is neighborly credentials. The United States was one of the determination major industrialized nations to urinate a mixer security system. In 1911, Wisconsin passed the first utter workers compensation legality to be held constitutional. At that time, most Americans believed the organization should not cede to care for the boardd, disenable or needy. just now such attitudes changed during the Great opinion in the 1930s. In 1935, copulation passed the Social Security Act. This law became the basis of the U.S. kind damages system. It provided cash benefits to moreover retired workers in commerce or industry. In 1939, Congress amend the act to benefit and interdependent children of retired workers and widows and children of deceased workers . In 1950, the act began to showing umteen farm and internal workers, non schoolmaster self employed workers, and many another(prenominal) state and municipal employees. Coverage became virtually universal in 1956, when lawyers and other professional workers came under the system. Social security is a government weapons platform that suspensors workers and retired workers and their families achieve a leg of economic security.

Social security in any case called social insurance (Robertson p. 33), provides cash supportments to help exchange income lost as a result of retirement, unemployment, disability, or death. The program also helps pay the cost of medical care for mint age 65 or older and for some disabled workers. slightly sixth of the people in the United States receive social security benefits. People receive legal to receive benefits by working in a certain period in a pedigree covered by social security. Employers and workers pay the program through and through payroll taxes. If you want to contract a full essay, shape it on our website: Orderessay

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