Summary and Evaluation of Articles
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Summary and Evaluation of Articles
Younger Workers Report Biggest Gains in Happiness with Pay
The article ‘Younger Workers Report Biggest Gains In Happiness With Pay,’ from wall street journal shows that workers who are below 35 years of age are being happier with their paychecks as compared to people who are over fifty-five years for the first time since 2011. This is according to a new report from the conference board, an organization that deals with business research that polls united states workers about the satisfaction of their workplace. Young workers satisfaction has increased from 43% in 2017 to 46.4% in 2018 which indicates that the wage growth rate increased in 2018, which is a very big leap from millennial (Weber, 2018). It goes further and states that even with many managers in most countries worried about securing jobs for their employees, Americans feel far more secure. (Desai, 2009). The reason as to why young workers are more satisfied is because they can change their jobs in the earlier years of their careers easily. Since the demand for labor is high, then the employees are lured with high salaries where many young people benefit most.
The information in the article is reliable as it gives a well-reasoned argument on the topic. It helps explain the number of people who are satisfied with their jobs and also show the unemployment rate in America, which is low. This, therefore, gives hope to young adults who live there since there are many job opportunities and also a high guarantee of job satisfaction. The article can be improved by adding statistics on the satisfaction levels of employees for the previous years, for example, ten years back so that one can clearly know the trends.
The article is written to show the satisfaction of the young workers and also to show the levels of unemployment which is low. (Jahoda, 1982). It is intended for the general audience but may be of more use to the young workers. The information in the article is biased to some extent as the writer fails to indicate that according to most researchers older people have more satisfaction with their job.it is true that the satisfaction in many young workers has risen, but that does not mean that they are more satisfied as compared to older workers of 35 years and above.
Who Wins From Foreign Investment?
The article ‘Who Wins from Foreign Investment?’ explains who the beneficiaries are when foreign investors start a business or invest in a foreign country. It shows that on average foreign companies pay workers around 25.5 %more than the American companies. When American workers move between two American owned companies their wages barely go up, but when they hop from one that is domestically owned to another that is a foreign their wages increase by around 7% but when they hop from a foreign to a domestic company their salaries sag. Working in a foreign company mostly favors the highly skilled as they derive a measure of skills by adjusting pay for industry, location, age, and also firm. Companies of richer home countries tend to be mean and pay less as compared to other countries opposite of what is expected.
The article is credible as it is backed up with evidence and also examples to expound more on the topic and help one understand. The article clearly explains the topic by the use of examples in the form of a case study which enables the reader to understand better .it can be improved by providing statistics to show what the foreign firms stand to gain by investing in other countries and compare it to what the American workers benefit so as to see which party gains more than the other Apostrophe as a style is used in the article to quote the words of the economic researchers. Hypophora is also used where the writer asks a question and also answers it right away. The article aims to explain that the natives in America and those who live there stand to benefit a huge deal from foreign investment. (Haussmann & Fernandez2000). The targeted audience in this article is the academic audience who are supposed to be educated on the benefits of foreign investment. The information is biased as it only explains the benefits of foreign investment to the people in the home country but not to the foreign investors themselves.
References
Weber, L. (2018). Younger Workers Report Biggest Gains in Happiness With Pay. Retrieved September 17, 2019, from https://www.wsj.com/articles/younger-workers-report-biggest-gains-in-happiness-with-pay-11567071000
Who wins from the foreign investment? (2019). Retrieved September 17, 2019, from https://www.economist.com/finance-and-economics/2019/08/22/who-wins-from-foreign-investment.
Desai, M. A. (2009). Securing Jobs or the New Protectionism? Taxing the Overseas Activities of Multinational Firms. Taxing the Overseas Activities of Multinational Firms (March 20, 2009). Harvard Business School Finance Working Paper (09-107).
Jahoda, M. (1982). Employment and unemployment: A social-psychological analysis (Vol. 1). CUP Archive
Haussmann, R., & Fernandez-Arias, E. (2000). Foreign direct investment: good cholesterol?