Professional Documents
Culture Documents
Listening Note
Listening Note
In agriculture
+ end “ “ : 3% “
+ by 2010 : 1% “
In manufacturing industry
+ in 1900 : 30%“
+ in 2010 : 22%
1.In services
Ex: edu, health care, trans., tourism, banking, ad &legal services. Cafés, restaurants& fast-
food outlets, service sector : retail sales jobs, driving taxis& pumping gas.
+ 1900, 31% & 2010, 77%
U.S. vs China
3.♀ labor
- 1900, 19% ♀ , 2010, 73% ♀ employed
20th cent. _ wages + benefits (social security, health insurance) + better working
conditions:not so rosy
Today
- Wage vs productivity
- # unemployed past years
Impact of stagnant wages & high unemployment..
+ after W.W.II child born in poverty w/ 50% chance in middle class as adult
+ 1980 “ “ “ w/ 40%. “ “ “ “
+ 2012 “ “ “ w/ 33% “ “ “ “
+ tax cuts: govt. has < $ 2 provide programs 2 help ppl in diff or invest in edu&
research
+ lack of rel. financial institutions very risky investment loss jobs, pensions, homes