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Top 5 Best and Worst Paid Jobs for Women

businessNobody wants to work for free but sometimes women work for next to nothing. Historically, the gender pay gap has averaged about 20% less in earnings for women than for men. It can be challenging to find a job you love and lets you live comfortably. If you are getting ready to enter the workforce, or if you are considering a career change, look at this list of the top five best and worst paid jobs for women!

Top 5 Best Paying

  1. Chief Executives: While more males than women hold these positions, Forbes ranked this as number one on their list for women. Women in the US hold over 300,000 of these titles but men still bring in a paycheck about 22% higher.
  2. Lawyer: The legal profession has been seeing an increase in female bar exam applicants. Lawyers can choose to work be self-employed or freelancing, or, at an established law firm.
  3. Pharmacist: Although men still are the high earners in this profession, women dominate it. Around 60% of all pharmacists are women, earning just under $100,000 per year.
  4. Nurse Practitioners: Almost totally dominated by women, the average yearly paycheck is just over $90,000.
  5. Tech and IT: There are many subsidiaries of this profession, including software development, IT managers, engineers, and many others. Average base salaries are a respectable $50,000+ per year.

Top 5 Worst Paying

  1. Physicians and Surgeons: Women are now widely accepted in this field but men still make much more. On average, women earn 37% less for performing the exact same procedures.
  2. Insurance Agents: All the sales field professions see males leaving females in the dust when it comes to earnings, but women are extremely outclassed in this category. On average, they are only earning roughly 40% of what men do.
  3. Financial Advisors: Women are not well represented in this field, with only about 35% of financial advisors being women. This occupation also had the largest pay gap between men and women, with women bringing home a paycheck around $700 less per week.
  4. Auditors and Accountants: This field is still male dominant and it shows in the gender pay gap. A man receives, at average, $1400 per week, while a woman doing the same job brings home roughly $1000.
  5. Instructors and Teachers: The teaching profession has long been thought of as a job for women. Today’s society has seen that change with more men entering the profession than ever before. Unfortunately, this has not given women a leg up in the pay department. Men still reportedly earn around $1100, while females only have $800 in the end of the week.

Gender bias on the pay scale is slowly changing in some occupations while it is getting worse in others. However, this does not mean you should settle for less. Whichever career you choose, make yourself indispensable and work hard to prove you are worth the same pay as the guy at the desk beside you!

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5 Must-Remember Tips Not to Run out of Money in Retirement

moneyWhile attending school, your main financial concern probably is paying for school or cutting student loans. Not very often students start thinking about retirement savings – a rookie mistake. You can never save for your retirement too soon. Why? The fearful potential running out of money in retirement is scary. Unfortunately, because of health care or nursing home costs, a rapidly dwindling retirement fund is a reality for some people. Here are some helpful tips you can follow as preventative measures!

1. Start Saving up

Cash, even a small amount here and there, adds up! At the beginning of every paycheck, have a certain amount automatically transferred to a savings account. If you saved $100 a month for 50 years, you would have $60,000 (not including any interest offered by your bank) in savings alone! Don’t dip into the account unless it is an absolute emergency.

2. Be Conservative in Spending

The less you spend, the more you can save – plain and simple. Although you don’t have to feel guilty about using excess money for pleasure, try to save a little bit to add to your savings if possible. If you put $20 dollars of your excess spending money in your savings for 50 years, you will have an additional $12,000 on top of your savings!

3. Get a Part-Time Job

Whether you are too busy for full-time work or are already retired, you can take on a part-time job for extra cash to add to the savings. Maybe you can work at your favorite store or earn money off your hobby. If you could make $400 a month part-time, you can save (not including withheld taxes) $4,800 a year!

4. Invest and Monitor Mour Assets

Stocks are a smart way to increase your finances without having to do work. A home is also a valuable asset to have – as long as you keep it market-ready. It is important to monitor your assets at least monthly to ensure they are in good status. You can hire professionals to help you monitor and move forward with any decision making.

5. Postpone Collection Social Security

It may be tempting to start collecting your social security checks when you “come of age”. However, you have the option of holding off which might not be such a bad idea. You can start collecting your social security income when you retire, giving you a chance to prolong the savings you have. Depending on your situation, a part-time job might be enough to hold you over until the time is right.

In the next fifty years, if you follow the proposed plan, holding onto excess money, and contributing a year of part-time work money, you would have approximately $76,000. Now thinking about adding that to a 401k plan, social security checks, and the interest you may get… Start saving for retirement now!

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8 Highly-Paid Jobs You Can Apply for When Having an Economics Degree

marketingAn economics degree is almost in your pocket: written assignments are completed, tests are passed, and classes are over. What is your next step going to be? It is natural to start looking for a job right after a short rest. But the problem is that most graduates know little about their future possibilities and start wasting time on part-time jobs with no chance for promotion. Don’t become one of them.

Top Highest Paid Jobs for Economics Graduates

  • Economic Consultant
  • The job works for graduates with great research and analytical skills. They usually carry out various studies on economic scenarios, analyze the trends, help others to improve their performance and succeed or work for the government, finance/business/education/health care industries.

  • Financial Analyst
  • What does he/she do? The core task is to research the issues that influence the public, analyze them, and recommend various interventions (governmental or legislation) to address or influence them. An analyst possesses critical thinking skills, understands up-to-date problems, and creates solutions that are affordable.

  • Lawyer
  • Are you interested in preparing and trying cases? Then this job is for you! There is a whole bunch of law areas you could join:

    1. tax law
    2. corporate law
    3. personal injury
    4. antitrust law
    5. medical malpractice, etc.
  • Business Reporter
  • They do more than research. They also write and broadcast stories on the latest industry trends, business leaders, companies, financial markets, and economic developments. They act as journalists, who investigate really important cases in the field.

  • CFP or Certified Financial Planner
  • A CFP creates and develops client relationships via email, telephone conversations, face-to-face meetings, etc. The main responsibility is to access basic goals and needs of a client, develop and implement a financial plan that can fulfill all the mentioned needs and goals.

  • Commercial Loan Officer
  • The main job of a loan officer is to work with business clients and those, who are in search for options to start small business. As for responsibilities, they are concentrated around the maintenance and administration of loan consultations for the bank. A typical loaner assists in generating new business and accounts.

  • Senior Product Manager
  • He/she is the one, who handles oversight duties that are involved in getting a product from the concept to productivity stage. As this employee foresees market and customer demands, he/she maximizes productivity.

  • Market Research Analyst
  • The deep knowledge of industry trends is what characterizes a good market research analyst. He/she assesses how services and products will fare depending on the economic condition. A person is to be trained to gather information, analyze it, and design studies.

    Some people say that one with an economics degree in a pocket has a unique chance to get a great job and earn a lot. Real experts in finance and economics are needed today. Companies and corporations need someone to help them in solving issues and finding options for development. Why not become one?

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6 Essential Skills to Write an Economics Paper with Ease

procurement management jobsDo you really think that writing an economics paper is a piece of cake? As long as this is one of the most difficult subjects to study, writing it is even worse. Yet still, there are undergraduates, who manage, and do it pretty well. Are you one of them? Well, it is pretty hard to answer at once. Experts agree to the idea that you are to have some special skills to become a successful writer when it comes to economics.

Analytical Thinking Is Your # 1 Skill

Is it? Really? Then you will definitely succeed in writing. Much data must be analyzed during the processes of research and writing. No wonder, most researchers give up and choose different subjects as their majors or switch to easier topics. If analytical thinking is one of your strongest skills, be sure that your economics paper will be one of the best. If only not the best!

Critical Thinking Skills Are a Must

They go hand in hand with analytical thinking ones. The one, who deals with this sort of a paper, is not a usual writer but an economist. He/she uses logic along with reasoning and manages to cope with the most complex problems.

Information Collecting Skills

They say that an economist is as good as his/her findings. The findings always depend on the accuracy of all the gathered data. We believe that this skill is easy to develop and improve. How? The more you research and write, the better author you become. With time a writer learns a few tricks and knows how to find the needed data.

Attention to Details

It is easy to omit a detail that is significant and will eventually ruin your analysis and conclusion. To write a very good economics paper with ease, one should pay close attention to most details, figuring out which of them are essential and which aren’t.

Minimalism Is the Key

How so? Working on an economics paper is not the same as working on an essay. You need to be concrete and precise, make complex things simple, and turn tricky theories into comprehensible sentences. In one word: you are to be a minimalist.

Problem Solving Skills

There is a whole set of them. To cut a long story short, a writer is to manage to identify the problems that are complex, evaluate them, and then find the necessary solution. Even if you are a true minimalist and attentive to details, this may be useless if solving problems is not your strong point.

Economics is diverse. And that’s the reality. If this is the path you have chosen, you need to figure out which skills you already have and which you need to develop. A mysterious sphere may become your new home if you are not lazy and find more time to develop as a writer and grow as a professional economist. Becoming an economist will take time. But you have enough of it, don’t you?

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The New Era of Health Insurance with TrumpCare

medicineWith the election of Donald Trump many things have changed. The entire paradigm of the USA is going to be reviewed and altered in many ways. Such changes concern foreign policies, domestic affairs, social policies and of course health care system. During his rule ex-president Barack Obama introduced a health care system now known as ObamaCare. It is a set of laws concerning all health care issues. But now with the election of Donald Trump new changes are coming. In first weeks of his being elected Trump and his team stated that they are going to repeal and replace existing ObamaCare. It was the inception of what is now called TrumpCare. It is worth mentioning that TrumpCare is not yet a legitimate act, it is just a set of laws to be passed in order to change ObamaCare.

American society is now divided into two major groups: those who support TrumpCare and those who are sceptic about it, of course. Before judging that new system it would be better to understand the basis of it, to render the ideas it proposes and how it is going to influence citizens of the United States. There are some key points about TrumpCare.

It repeals the individual mandate (the tax penalty for not having Health Insurance Coverage). Under Obamacare, the individual mandate requires all eligible citizens to have health insurance, which makes coverage affordable nationwide, while the individual mandate will be eliminated under TrumpCare, thus giving people a chance to decide if they want to have insurance or not.

Provides coverage for those with pre-existing conditions. As Trump had mentioned, he likes requirements of the ACA, but coverage may become more expensive under this plan.

Allows children to stay on Parents Plan until they are 26. The idea is pretty clear, some people consider it to be a con, though.

Medicaid expansion is not impacted until 2020. For now it is the major point in the plan. Trump had mentioned that they are going to freeze Medicaid expansion, but the period of execution is significantly delayed.

Replaces subsidies with refundable Tax Credits. It was also mentioned that people may be able to deduct the entire cost of health insurance premiums from their federal tax.

Removes the 3.8% Tax on individuals earning more than $250,000 a year. Actually, it is more than removing that tax but removing the compulsory tax for employers to take care of their full-time employees. This one is a very controversial as it seems to be a “win” for higher-income Americans and businesses.

Places more focus on encouraging people to open Health Savings Accounts. This point seems to be quite smart, though saving account would already exist. It is hard to state whether it is good or not as people with those saving accounts are to spend thousands each year.

All in all, there are still many ideas stated by President Trump and his team. It is impossible to cover all of them, as they are still in draft and their development is an ongoing process, the result of which will be seen much later, probably after 2020 after the total freezing of Medicaid. By now we can only judge from our own perspectives and perception.

References:

  1. Greve, Bent. “Introduction – Obamacare – Implication For Social Policy And Administration In The United States”. Social Policy & Administration 50.4 (2016): 425-427. Web.
  2. Leimbigler, Betsy and Christian Lammert. “Why Health Care Reform Now? Strategic Framing And The Passage Of Obamacare”. Social Policy & Administration 50.4 (2016): 467-481. Web.
  3. Lyon, Jeff. “Fixing Obamacare Takes Back Seat, Poll Finds”. JAMA 316.22 (2016): 2348. Web.
  4. “Debating Obamacare”. Chemistry & Industry 76.9 (2012): 23-23. Web.
  5. Kamerow, Douglas. “What Now For Obamacare?”. BMJ (2016): i6063. Web.
  6. Yelowitz, Aaron. “Obamacare: A Bad Deal For Young Adults”. SSRN Electronic Journal n. pag. Web.
  7. Kamerow, Douglas. “There’S More To Obamacare Than Health Insurance”. BMJ (2017): j338. Web.
  8. Bringedal, Berit. “Obamacare”. Tidsskrift for Den norske legeforening 136.18 (2016): 1571-1571. Web.
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8 Reasons Why You Should Study Economics

designer at workEconomics is a live subject with tangible every day impact. Newspapers, magazines news agencies write tons of articles about current, past and potential future economic situation. Economics seems to have conquered thoughts of the modern world. Why study economics? Despite the fact that there are not many top notch professionals in economics, people still have great interest in the subject. And it is no surprise. Even basic understanding of how things work in economy gives us great advantages. And here are eight reasons why you should study economics.

  1. First of all, it is the importance of the subject. It is everywhere. In grocery stores, in drug stores, in cinemas, petrol stations. It is literally everywhere. Each time you spend or get money you become involved into a fascinating process of the economy. All countries are built and work upon it. Even that single fact is valid enough to start studying it at a university.
  2. Combined courses. When people enter universities they usually take one certain course to get the hang of it, while economics gives you vast range of options. You can combine your studying with almost any other subjects such as linguistics, law or any other topic you are interested in. For instance you have combined it with linguistics. Three years of studying for bachelor’s degree give you an opportunity to master at least one foreign language quite well. After all you can even become a specialized translator, if you job demands it. Knowing several languages opens you many additional opportunities as working for international of foreign companies, which otherwise would be impossible. Combining economics with law studying is quite popular as well. The bare fact of being proficient in two major everyday life spheres makes you quite a desirable worker.
  3. One of the most important things that attract young people to start their economics studying is that graduates have one of the highest rates of finding a job within six months after graduation.
  4. Independence. It is common knowledge that economics students devote great amount of time to independent study. Having experience in self-studying really prepares one for real life, where you are to take responsibility.
  5. It is lucrative. Being an economic forecaster or any other related specialist you may profit a lot. Economics graduates are among the top lucrative professions with about £42,000 earned in ten years after graduation.
  6. Flexibility. Economics has a very broad application base. Graduates can easily find jobs in civil services, industries or education. It becomes even more flexible when you take additional courses.
  7. Personal understanding. It was already mentioned above that economics surrounds us, in every aspect of our lives. So it seems to be of significant importance to see, but even more to understand how it works. The purpose behind taxes, how monetary exchanges work etc.
  8. It’s a good start. It provides the opportunity not to get a job, but to build a real career instead. Economics graduates are usually educated people who have gone through development of their analytical and critical thinking skills. It makes you an investigator and researcher. You can use your knowledge in different spheres. You can be an advisor, a forecaster etc.

So, why study economics? There you have it. That list can go on and on. The opportunities of studying economics are pretty obvious. The more you know the more wanted you are, especially if it comes to such vital knowledge.

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International Economics Book Review Sample: The Shackled Continent: Power, Corruption, and African Lives

limuru

When the question is about the missionary on the dark continent, the very first thing you imagine are brave explorers carrying the Holy Bible and telling the tribesmen about Jesus. Not a bad option at all, but Robert Guest has something else to tell. With good old Economist, he’s ready to tell that every member of the benighted tribe community can be saved simply through entering the area of the free-market global capitalism. The latter is described by Guest as the tool that will bring the prosperity era to the continent and help to everyone to get rid of any local superstition.

It is necessary to point out that Guest appears to be excellently equipped for his mission. His breezy and plain style enables him to describe all the miseries and dreadful facts about Africans such as bitter massacres, poverty and even brigands at the local road-blocks. Besides, he’s known as the Economist’s African correspondent and editor, who truly believes the hard times that the continent is getting through are caused by the failure to build capitalism.

When staying on a small farm in Malawi, where Mr. Zimba had managed to build a small mud snack using a range of plastic bags as window frames, the author of the book came to a certain conclusion – there is no better and solid proof that the world’s poor are in need of what is called capitalism!

Using some good humor and compassion, Guest shows that nothing really works in the majority of the regions all over the dark continent: if the readers do not get the message, the author emphasizes it with lopsided letters in the headlines and the title. He portrays the people in Africa shackled by cruel governments, authority officials and rulers, who press so hard to destroy individual enterprise.

Despite all hope seems to be gone, Robert Guest remains positive. In the long run, the man is sure the country will eventually prosper. Every country can switch from being poor to wealth and comfort. And the best examples of such a transition can be seen in Japan and Italy.

In his book, Guest never views capitalism as something that only huge corporations are involved in. Instead, he insists that informal economy in Africa is crucial and supports the theories provided by Hernando de Soto. A famous economist from Peru say the dwellers in small and forgotten-by-God towns need to acquire property rights in order to get into the swing of things in the capitalistic world.

In the majority of dark continent countries, where greedy authorities enforce state controls, the importance of an individual free enterprise seems to be obvious, while the arguments of the author are pretty persuasive. However, when talking about the South Africa, Robert Guest doesn’t seem to be that convincing. Moreover, he doesn’t consider the past record of the Economist’s “cold-blooded world capitalism”, as well as anti-communist movement that led the team of the magazine to do battle with the sanctions and defend apartheid governments – that proved the key tool of the so-called peaceful revolution.

Instead, the author crudely explains the details of the transition: the USSR collapse encouraged the ANC (known nowadays as the most grandiose black liberation movement) to renounce the era of Marxism. That is why white citizens in the South African came to understanding that black rule did not include confiscation of their houses and other property. For that reason, they provided blacks with the right to vote via referendum.

Exactly that interpretation made capitalism unnecessarily cold-blooded for the globe. For it was the range of the USA banks, and all the sanctions imposed by the representatives of the Congress that started undermining apartheid long before the USSR fall. And exactly because of the western media support provided for the ANC they got persuaded they had more supporters in the west rather than in the east, and that it was a good idea to reconcile with the world capitalists.

Guest tells it’s important to apply the same explanations to the South Africa even today. The government’s efforts to protect and support workers have already led to the joblessness rise, Guest says. According to his words, corrective discrimination will never improve the life of human beings. How about the Afrikaner governments in the region that required English-speaking companies and banks to discriminate in their favor in order to let the middle class prosper?

It’s more than silly to believe the region can be saved through the application of a range of cruel free-market policies without taking into account the actual political costs. This can only stimulate new anti-capitalism movement. You, as a reader, have an opportunity to learn a lot from these pages; however, make sure to keep the political analysis in mind as well!

References:

  • Mundell, “The Theory of Optimum Currency Areas,” American Economic Review, September 1961, pp. 657–65, and R. McKinnon, “Optimum Currency Areas,” American Economic Review, September 1993, pp. 717–25.
  • Draper G    Writing  book  reviews.  Online  article.  Accessed  from http://library.uwaterloo.ca/libguides/1-12.html, 2007-12-08.
  • Stilwell F, 2010, ‘Environmental Policy: Beyond the Market’, Contesting Markets symposium, The University of Sydney, Sydney, September 30 – October 1.
  • Book review of: Economics as Religion From Samuelson to Chicago and Beyond By Robert H. Nelson Penn State Univ. 378p.
  • Brown, Ellen. “Time for a New Theory of Money.” org, October 29, 2010.
  • Lee, C.J., Hsien-chan Ho, Shing-Mei Chen, Ya-huei Yang, Soon-joy Chang, and
  • Hui-lin Wu. The Development of Small and Medium-Sized Enterprises in the Republic of China. Ta i p e i , Ta i w a n : Chung-Hua Institute of Economic Research, 1995.
  • Colander, David. 2005. From muddling through to the economics of control: view of applied policy from J. N. Keynes to Abba Lerner. History of Political Economy, 37 (Supplement 1): 277-291.
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Conservation Essay: Hunting Down the Endangered Species to Save Them

afrika safariThe illegal hunting and killing of rhinos and lions in South Africa and Zimbabwe have ignited a heated debate over the so-called trophy hunting, as well as the role it plays in conservation.

A range of claims have been made recently regarding the benefits that the trophy hunting brings to the economic segment of Africa. That’s where hunting is a big game that turns to be big business. The latter is reported to be estimated near $200 000 000 yearly.

The economic significance of the issue polarises the debates. On one hand, animal rights activists tend to protect the wildlife conservation, while the hunters claim that ‘sustainable’ use of wildlife is a must for the modern conservation strategies. Let’s take a look at some sources and studies to investigate the matter.

A lot of recent articles have informed on the revenues that come from the trophy hunting – over $200 000 000 on the black continent. According to the article ‘Biological Conservation’ published in 2006, there are many countries, where hunting industries are significantly developed. Among them Namibia, South Africa, Botswana, Zimbabwe, Tanzania and others.

In terms of animals shot and visiting hunters, South Africa had the most grandiose hunting industry. The most significant was the trophy hunting in Botswana, followed by Namibia and Tanzania. So, the question is how much is South Africa actually earning from the trophy hunting? According to the estimation performed by the Department of Environmental Affairs of South Africa in 2012, trophy hunting generated near 807 million and 1 billion in 2013. The information obtained is based on the ‘species fees’ that come from the hunters to the landowners and farmers, as well as regular rates that are usually charged by the hunting outfitters in order to cover all accommodation and food costs.

The 1 billion that was gained in 2013 included the species fees of near 757 million, as well as 314 millions of daily rates, with 44 000 animals killed to get trophies in that particular year. It is important to mention that the figures provided above do not include indirect income gained from trophy shipping fees, taxidermy, tourism activities and companions that are not related to hunting. Neither does it include data regarding the hunting permits for particular species that are not mentioned in the “protected-and-threatened list” as these fees usually differ from one province to the other and are charged only at provincial level.

How does trophy hunting compare to the regular tourism? According to the recent reports, in 2013 tourism had contributed 323 billion to the GDP of South Africa. More than 8 500 trophy hunters come to SA annually, compared to almost 9,5 million tourists. In sub-Saharan Africa, nearly 18 500 hunters participate in related activities every year, according to the reports, generating near $201 million in contrast to the estimate provided by the World Bank – 33.8 million visitors in 2012 (with 36 billion earnings in US dollars.)

The local economists say that while the number of hunters, as well as the contribution they make to the GDP, is not huge, trophy hunters are spending more and more exceeding the average tourists.

In 2014, the investigators of the economic impact of hunting in Free State, Limpopo and Northern Cape provinces of South Africa found 4 558, 17 806 and 9 072 jobs (accordingly) depend on the hunting area, as well as the ones of individuals employed permanently on the game farms.

In the same way, the ex-chief executive of WWF SA John Hanks argues that in the areas with high wildlife density and beautiful landscapes, the potential for the photo tourism is greater than the one for the trophy hunting.

References:

  • LINDSEY,P.A.; ROULET,P.A. & ROMAÑACH,S.S. (2007): Economic and conservation significance of the trophy hunting industry in sub-Saharan Africa. Biological Conservation 134:455-469.
  • Booth, V. 2002. Analysis of wildlife markets. Report. World Wildlife Fund, Harare, Zimbabwe.
  • Whitman, K., A. Starfield, H. Quadling, and C. Packer. 2004. Sustainable trophy-hunting of African lions. Nature 428: 175–178.
  • Mbaiwa, Joseph E. 2004. “The Socio‐Economic  Benefits  and  Challenges  of  a  Community‐Based Safari  Hunting  Tourism  in  the  Okavango  Delta,  ” The Journal of Tourism Studies 15 (2): 37–50.
  • BAKER,J.E. (1997): Trophy hunting as a sustainable use of wild life resources in southern and eastern Africa. Journal of Sustainable Tourism 5: 306-321.
  • Barnett, Rob, and Claire 2006. Sport Hunting in the Southern  African Development Community (SADC) Region: An Overview.
  • Ian Michler, ‘Botswana’s Great Lion Debate’, Africa Geographic, 01 January 2001 & Martin Hutter, ‘Utilization of Wild Living Animals, Conservation and Sustainable Development: Contradiction in Terms or a Promising Approach?’, Pro Wildlife, 2002.
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Summer Student Part Time Jobs No Longer a Thing?

ashton and michael kutcherPart time jobs during summer breaks seem to be less popular in contrast to the past, when students did their best to find a good place to earn some bucks on holidays. According to the recent researches, the number of 17-year olds getting a job during summer breaks has halved in the last two decades.

Hard to Get a Foot in the Door

The experts of the IPPR (the Institute for Public Policy Research) inform that while the university fees rising could make young people concentrate on their academic progress, the majority of employers require staff with previous professional experience for the part-time positions, thus, depriving students of a range of options easily accessible 20 years ago. The IPPR specialists called on the universities, schools and governments to help youngsters in acquiring professional experience that would cultivate the skills required by the employers.

Contrasts from the Past

The research conducted on the 17-year-olds engaged in both full-time studying and part-time job has halved in contrast to 20 years ago. At the same time, the number of 18-24-year-olds has dropped by almost a fifth. Twenty years ago, over 40% of 17-year-olds had a summer part-time job. Experts say it was crucial to have a summer part-time job in order to get to know the world of grown-ups and employment better. The research proved that without work experience, it’s not easy to show off the soft skills recruiters are on the lookout for. However, right after the recession that happened in 2009, up to 23% of youngsters with no prior experience were unemployed, in contrast to 14% with professional experience. The researchers also insist that education and work can be highly useful for students, who wish to boost skills needed for their future career, as well as to smoothly switch from college to work. But the reality is – the opportunities available nowadays are not enough.

Lack of Flexible Part-Time Job Opportunities

As said by the IPPR spokesman, not every college or university student would like to work – a lot of them give preference to some other activities. Moreover, with increased college fees and exam pressures, the majority of students might better try to work on their academic progress. But what the research doesn’t show is that a lot of college students have no job during the academic year or in summer – meaning they are unemployed and that they’ve informed they would like to have a part time job. The IPPR spokesman said that during summer 2015 up to 250 000 16-24-year-old had no job, which meant they had a strong desire to get employed but couldn’t. To add more, he also proved the kind of jobs college students used to get engaged in – such as retail, part-time work or sales – are nowadays highly limited.

So, is it really the end of the part-time jobs era? The surveys prove that even in case skilled and full-time jobs are accessible, they are quite hard for youngsters willing to combine work with full-time education. The problem is that the majority of the recruiters prefer to employ individuals with previous experience, while only 27% of employers choose those, who have just graduated. The reality is that it’s part-time job that help teens to develop professional skills rather than exotic trip. You’ve been to Zimbabwe for hell knows what reason (to save the world of whatever), but what’s the point if you have got no real experience?

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Uber Essay Sample

uberUber is used to connect riders with the drivers in what is related to the transportation. This in turn generates significant economic activity, as well as provides a range of economic opportunities. A great example of the total Uber’s impact can be seen in the City of Chicago. According to the most recent investigations of the issue, the total impact of the operations of Uber in the city was more than $46 million.

    As revealed by the study performed by ECONorthwest, the Uber’s technology platform has brought the following economic contributions:

  • The total gross impact on the economy of the city was up to $46 380 000 and as the time is passing by the impact is expected to be even larger. The economic impact is going to scale proportionately to the revenue growth of Uber.
  • In 2013, both the efficiency and the convenience of Uber’s tech provided 25 000 extra rides in Chicago that is more than the transportation market would ever do without Uber’s options.
  • Uber has also brought near 1 049 new jobs in the City of Chicago in 2013. But the thing is that Uber never hires drivers. The figure mentioned above includes the new direct jobs provided for the transportation providers and indirect jobs from transportation-related fields.

According to the experts, Uber has brightened financial future for many citizens and become the only source of support for many families.

In order to estimate Uber’s economic impact on the country’s macroeconomic level, the experts highlighted eleven cities with perfectly established Uber operations. The latter include providing three vehicle classes such as: UberX, UberBLACK and UberSUV. The overall economic impact of Uber is an actual sum total of every economic activity within the region that is linked to the business of Uber. This includes payments received from the Uber-Uber’s partners riders, all activities formed when partners begin to spend funds to provide rides, as well as all extra spending that partners tend to take on as a result of their income as drivers.

The additional value provided by Uber actually flows through every driver as well as supports additional economic activities even beyond the given ride. And finally, consumers also have a great opportunity to benefit from Uber economic rewards – by virtue of the fact they prefer to spend funds on the rides with Uber instead of the other alternative money use. That’s how the so-called ‘consumer surplus’ is being created.

The experts have estimated all incremental rides in a range of steps. With the help of the conservative estimates used for unknown parameters, the specialists have first revealed the implied perceived cost of each of Uber ride. It is important to mention that the calculation was performed on the basis of the estimated time cost of Uber, cross-price elasticity of the taxis demand and the observed market share of Uber rides. At the end of the process, the perceived cost was used in combination with the range of literature-based estimates of the demand price elasticity within the taxi field. The results have proven the expansion of the incremental supply of rides within the city.

References:

  1. National Highway Traffic Safety Administration, Alcohol-Impaired Driving, Dec. 2013, at http://www-nrd.nhtsa.dot.gov/Pubs/811870.pdf.
  2. Alliance Against Intoxicated Motorists, 2012 DUI Facts, at http://www.aaim1.org/resource_facts.asp.
  3. Dr. Robert Bruno, Driven Into Poverty, University of Illinois’ School of Labor and Employment Relations, at http://www.ler.illinois.edu/labor/ images/Taxi_Income_Report_-_Final_Copy.pdf.
  4. Emily Badger, Taxi medallions have been the best investment in America for years. Now Uber may be changing that, The Washington Post, Nov. 27, 2014, at http://www.washingtonpost.com/blogs/wonkblog/wp/2014/11/27/as-uber-fights-new-battles-over-privacy-an-older-war-simmers-with-thecab-industry/.
  5. I-Team: Cab Riders’ Gripes, Drivers Exposed, WLS-TV, May 13, 2014, at http://abc7chicago.com/archive/9535692/.
  6. Jason Meisner, Cynthia Dizikes and Joe Mahr, Tribune Investigation: Courts drop most cases against frequently ticketed cabdrivers, Chicago Tribune, Sept. 23, 2011, at http://www.chicagotribune.com/news/local/breaking/ chi-tribune-investigation-courts-drop-most-cases-against-frequently- ticketed-cab-drivers-20110922-story.html
  7. Rules and Regulations for Affiliations, City of Chicago Department of Consumer Services Public Vehicle Operations Division, Dec. 23, 2001, at http://www.cityofchicago.org/dam/city/depts/bacp/rulesandregs/ rulesforaffiliations082909.pdf.
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