The report of Robert Reich: “Why the Rich are getting Richer and the Poor, Poorer,” is an eye opener and a warning for society regarding unemployment that it will be facing and is currently facing due to a lack of technology and education. It clearly articulates that the jobs of routine producers and in-person servers have vanished totally as modern techniques have replaced them. The author has stated that the only people whose jobs are on the rise are symbol analysts. As stated in the report, symbol analysts are the real problem solvers. Their skills are highly in demand worldwide because they are the ones who first analyze the problem and then solve it. The Hart Report, on the other hand, also states the same problem of unemployment and the global recession which has left employers focusing on employees not only with specialists’ skills but also a “broader range of skills and knowledge” (page 6-7). The Hart Report clearly reflects what the needs of contemporary employers are, but the question is whether it is the universities or the students themselves who fail to cope with the requirements of the contemporary world which is filled with technological advancement and critical thinking. The Texas Work Source has also played an important role in examining what is actually missing in today’s generation and the reasons behind such a great decline in employment. The central
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problem discussed by all the three reports is the employment crisis which the millennials will be facing due to the educational problems, either in the schools or in the students, and at the same time the increasing demand of symbol analysts.
All three reports are an eye-opener for the millennials, as they have clearly demonstrated all the prob...
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...annot turn the students into symbol analysts, but they can at least take several measures through which they can instill the qualities of symbol analysts in their students and make them deal with the problems they are going to face in the near future.
Alamo WorkSource and San Antonio Inc. Creating An Economic and Workforce Advantage: A
Regional Workforce Development Summit and SA, Inc.’s Third Economic Roundtable. San Antonio, Tx: Alamo WorkSource, 2005.
Hart Research Associates. Raising the Bar: Employers’ Views On College Learning In The
Wake Of The Economic Downturn. A Survey Among Employers Conducted On Behalf Of: The Association of American Colleges And Universities. Washington D.C.: Hart Research Associates, 2010.
Reich, Robert. “Why the Rich Are Getting Richer and the Poor Poorer.” The Work of Nations.
New York: Vintage Books, 1991. Print.
Carnevales’ main point was on the flaws of the National Bureau of Labor Statics (BLS) and how it does not give full information or data. In fact, Carnevale says that “The BLS education demand numbers, ranging from designation of college and non-college to their failure to reflect rising education
Smith, Noah. “How to Fix America's Wealth Inequality: Teach Americans to Be Cheap.” The Atlantic. Atlantic Pub., 12 March 2013. Web. 06 April 2014. .
This spoiled generation has hit a wall called life and is currently trying to find a way to get over it. The workplace has been a brutal environment for generations now. The millennials, also known as Generation Y, are not the first generation to want change in the workplace, but they are the first ones to be brave enough to step up and place their demands over their own job. The millennials shouldn’t be criticized, they should be admired by every other worker in the workplace. Matchar supports the addition of millennials, but added negative connotation in her article about them.
"Unemployment and Underemployment." State of Working America. Economic Policy Institute, n.d. Web. 24 Apr. 2014.
Reich, Robert. "Why the Rich Are Getting Richer and the Poor Poorer." Mountain View College Reader. Neuleib, Janice. Cain S., Kathleen. Ruffus, Stephen. Boston: 501 Boylston Street, Suite 900. 2013 Print.
Andrew Carnegie stated that the problem of our age is the proper administration of wealth and his opinion precisely reflects the real situation. Because it can be observed throughout history of human beings that usually majority was in such poverty, which barely enables them to survive. Carnegie was one of the richest men in the world of his times and maybe he knew as a successful businessman what the actual problem in distribution of wealth is. He has proposed possible solution of beneficial wealth distribution for this problem and it actually might work in his times. However, economy has changed compared with Carnegie’s times and it has become more global as lots of technological innovations were implemented. Robert Reich described current global economy in his work titled “Why the rich are getting richer, and the poor, poorer” where Carnegie’s solution may not properly work. The Carnegie’s solution may not properly work taking into account the obstacles such as increase of competition, permanent work in business and ageing population. Nevertheless, this means that only possibility of success of solution decreases, therefore it is not sensible to infer that the solution will not work at all.
If more people went to college, and less went the vocational route, jobs will take a momentous hit. Today, companies will not even touch an application that does not include a Bachelor’s Degree; even if the Bachelor’s Degree has nothing to do with the job being applied for. Attention is not given to whether the hopeful applicant qualifies for the job; all that matters is that the applicant has a Bachelor’s degree. Murray best sums up the American job market when he says, “Employers do not value what the student learned, just that the student has a degree” (Murray). However, if less people obtain a Bachelor’s Degree, employers will be forced to base applicants on their skills, and abilities. Furthermore, important vocational jobs that lie vacant will be filled. Good electricians, carpenters, and construction workers will always be in
Reich, Robert B. “Why the Rich Are Getting Richer and the Poor, Poorer.” A World of Ideas:
Heidi Shierholz, Natalie Sabadish, and Nicholas Finio, "The Class of 2013: Young Graduates Still Face Dim Job Prospects," www.epi.org, Apr. 10, 2013
Life for Millennials is not as easy as it has been said to be. According to Taylor Tepper, an editor of Money Magazine, when the Great Recession peaked in 2010, the large mass of Millennials graduating college were more vulnerable being that the unemployment rate among young adults peaked at 14% (Tepper). A Pew Research Center survey came to the conclusion that “Millennials are the first in the modern era to have higher levels of debt, poverty and unemployment, and lower levels of wealth and personal income than their two immediate predecessor generations had at the same time” (Tepper). In addition, David Bass, a Millennial himself and author of “The Millennial Generation Lacks a Strong Work Ethic,” states that the current employment rate for young adults is 55.3%, “the lowest rate since the end of World War Two” (Bass). These numbers do not tell it all, rather “a generation’s greatness is not determined by data; it’s determined by how they react to the challenges that befall them,” challenges that this generation does not fall short of
The main themes addressed in this article are the generational changes within the workforce, the advancements in the economy that are affecting the workplaces and the changes in the work ethic of employees.
In the book by Jacobus, A World of Ideas, Robert Reich wrote the article, “Why the Rich are Getting Richer and the Poor, Poorer,” and he uses a metaphor to describe the three economic groups that are now in different boats. He compares how the routine producers’ boats and the in-person servers’ boats are sinking while the symbolic analyst is rising. He also discusses how immigration and technology increases competition jobs of routine producers and in-person servers which makes their boats sink , while the symbolic analysts are in great demand. Robert Reich is correct on his perspective that the symbolic analyst has the potential to become wealthy, and it is expected for them to have a high level education and job experience: for example, being
Landes, D., 1999. The Wealth and Poverty of Nations: Why Some Are So Rich and Some So Poor. New York: W. W. Norton & Company, 38-59
The structural-functional analysis of jobs in the U.S. is governed by the workforce stratification and technology. The more educated and diverse a society is the better society’s job market is served. This social economic separation of class has been both good and bad for society. Many workers at the lower levels of employment are both pleased and displeased with many aspects of work. Though this fact also holds true with most any job at any level, pay scale often compensates for endurance of a particular job type. The security of a person’s job also is an issue that in today’s economic times forces one to be prepared for change. This is to say that even if one’s field of expertise is needed today it may not be tomorrow. This type of ever-changing job market leads many to believe that another socio-economic change may occur at any time. This change was apparent with the transition into the industrial age and again in the information age. These concerns caused stress, various health issues, a...
The entire world attempts to make a better life for themselves; however, too often the majority of the people of a country will suffer more from their technology than benefit from them. As technology increases the wealth distribution in the United States has shifted from all having relatively equal wealth to the rich becoming even more rich than everyone else. Since the 1970’s the wealthy have gained more wealth while the lower and middle class have begun to suffer shown by “…the share of total household wealth owned by the top 0.1 percent increasing to 22 percent in 2012 from 7 percent in the late 1970s” (Saez, & Zucman, 2014, Np). Robert Reich in “Why the Rich are Getting Richer and the Poor Poorer,” discusses the inequality that technology