November 4, 2016

MartinThomasFrom short essays to lengthy term papers, college students are no strangers to writing. Matters don’t change much once they graduate to the business world: internal memos, progress reports, and a seemingly endless amount of emails constitute the daily tasks of many office employees. According to a recent study of businesspeople who write at work, an average of 22 percent of their time is spent reading. Unfortunately, the quality of the work that passes their desks is often clumsy or Continue reading

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October 21, 2016

PaulBicaThe remote region of Cape Breton in Nova Scotia, Canada, is not known for its bustling population. Just 130,000 people live on the 4,000 square-mile island, with 1,000 others leaving each year for the past two decades. As the population steadily drops, many Cape Breton natives have worried about the future of the island’s tight knit communities. Among these concerned citizens was Jim and Ferne Austin, local entrepreneurs who operated the Farmer’s Daughter Country Market in sleepy Whycocomagh, Nova Scotia, Continue reading

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October 20, 2016

CorttoAccording to a study conducted by the Manufacturing Institute, over the next decade American workers will miss out on two million industrial jobs due to lack of training. For years the Obama administration has tried to close this growing skills gap by promoting German-style apprenticeships that provide on-the-job education for young workers. In Germany roughly half of all high school graduates opt for these intense training programs, not least of all because they are virtually guaranteed employment at the end. Continue reading

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October 4, 2016

KanasphotoWith the fall semester now in full swing, the easygoing feeling of summer vacation is becoming an increasingly distant memory. Then again, that’s only for the lucky Americans who actually get to take a vacation during the warm months of the year. For the rest, either they don’t receive adequate time off or simply refuse to take advantage of it. In fact, as much as 55 percent of American workers don’t use all of their paid vacation days out of Continue reading

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June 16, 2016

While the government’s official unemployment rate has been hovering around 5 and 6 percent lately, that number doesn’t tell the whole story about joblessness in the U.S. This video summarizes the concept of the “real” unemployment rate and the different ways that the government defines joblessness in its statistics.

Questions:

  1. Why isn’t the “real” unemployment rate used as the official measure of joblessness?

 

  1. What does the large amount of underemployment in the U.S. say about the current state of the economy?
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For more than a century tipping has been the preferred method for American restaurants to pay their servers. The idea is that customers will tip more if they receive good service, thus giving employees incentive to do well. However, the system doesn’t always work out that way. Besides getting outright stiffed by diners, on slow nights servers can earn as little as $2.13 an hour, the legal minimum that tipped employees can be paid. Given these less than ideal outcomes, Continue reading

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April 5, 2016

Last year millions of Americans celebrated the Supreme Court’s decision to legalize gay marriage. But they certainly weren’t the only ones applauding the landmark ruling: dozens of brands showed their support on social media. Such an outpouring of advocacy from established companies would have been unthinkable just a decade ago. Times have changed, though, and businesses today have started to realize how important LGBT issues are to many consumers, especially young people. As a result, companies that Continue reading

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March 29, 2016

At many large corporations, top executives earn as much as 80 percent of their salaries from performance-based bonuses. The idea is that CEOs will be more likely to do a good job if the company rewards them for success, such as increasing quarterly earnings or raising share prices. According to a new study from the London Business School, however, this widely accepted strategy might not be as effective as many companies think.

First of all, the study argues that contingent Continue reading

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March 16, 2016

The horrific events of last year’s mass shooting in San Bernardino shocked the nation. Along with the sheer violence of the attack, the fact that it occurred in an office building made many Americans deeply uneasy. Debates about workplace security soon started to rage throughout the media and the Internet. To the nation’s pro-gun advocates, San Bernardino represented another instance where they believe people could have been saved if only they had been carrying a weapon themselves.

While there are Continue reading

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March 2, 2016

For decades China’s industrial economy grew at a breakneck pace thanks to heavy investment from the state. This expansive age may be at an end, however. Over the last few years, demand for Chinese goods has dropped and its stock market has become increasingly unpredictable. Analysts say that China built up far too much manufacturing infrastructure that has now become an excessive drain on resources. As a result, last week the Chinese government announced the drastic measures it would take Continue reading

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