Per capita income is often used to measure the wealth of a nation’s population, generally in comparison to others. Per capita income is the amount received by each individual, of the annual income of the country. It is reported in units of currency per year and is calculated by dividing the total personal income by the midyear population.
The USA has one of the highest per capita income figures and there are two common ways of presenting per capita income data. The PPP method stands for Purchasing Power Parity and adjusts for the cost of living in each country. The Atlas method is the second method which adjusts the figures for currency values and inflation according to different schemes.
The most common way of calculating using the PPP method is to use the USA as the base for comparing the price of a particular product. This is taken as the base because when done in this way, the figures for USA remain the same for both PPP and Atlas.
United States President Barack Obama served a noticed that he would end tax breaks to American firms that outsource jobs abroad. He mentioned that the step was to restore a sense of fairness and balance to the US tax code by ending the tax breaks for companies that outsource jobs overseas.
In the recent economic downturn many jobs were lost and with the unemployment rate just below 10% the situation is getting worse. However, there are companies which were loyal to their employees even in these bad times. Shocking, but true! There are 6 companies that never had a layoff as of mid-January.
The United States of America is experiencing jobs crisis and nearly 16 million Americans are out of work. The number of people applying for unemployment benefits has risen and many others have to take care of themselves with part time jobs. The national crisis demands a clear plan which would create job opportunities for at least 4.6 million people in one year.