8) 2013 should be the darkest year for American Apparel till date. Net loss has reached an all-time high with 106 million USD in 2013, which is a 400% increase compared to only 37 million USD in 2012. The year was more disastrous because their operating expense was too high due to strategy for inventory management and finishing the E-Commerce platform. The service via E-Commerce wasn’t up to the mark because it was underprepared leading to further loss. 9) The sales of the company have increased relatively in 2013 but it is cancelled out by their exorbitant net loss.
This unemployment rate increased by 0.1% compared to December 2014. While, the unemployment rate in January 2016 has gone up to 3.4%. An increase in the unemployment rate implied that graduates are unable to be employed and face difficulties to get the job that suits them. Choosing a career becomes difficult
The younger and unmarried migrant workers with low level of education, having no training and low income tend to change their jobs within industry. And migrant workers who find jobs by themselves are more likely to switch jobs inter-industrially. The inter-industrial shifts have a significant positive impact on earnings growth of migrant
Since then and with interests at their lower zero bound, growth has been sluggish. This signifies, according to Summers, that the real interest rate (more specifically the full employment real interest rates, FERIR) is not able to fall to the level that balances saving and investment with full employment resulting in slow growth [Summer, 2014] Significant changes in the structure of the economy since the 1990s have increased saving and decreased investment. The financial crisis accentuated these effects and generated uncertainty. An increase in inequality shifting income towards agents with higher propensities
This is because it would increase the unemployment rate, harm worker health and step up living expense. Minimum wage law tends to have a worse effect on the employment rate. In fact, 90% of the company in Hong Kong is small and medium enterprises and their daily operation is already difficult. By setting up the SMW, those companies are required to follow the law but most of them are not able to afford the extra expenses from pay rise. According to Schmitt (2013), the minimum wage has slight or even no noticeable effect on the employment rate in that the cost generated by minimum wage is large relative to most of the firms.
For instance, from the article “The effects of minimum wage” by David Neumark states that employers will try to keep away from low-skilled workers if the wage were to increase because it would cause them to be wasting money to train them; especially for students and high school graduates who are in absence of any work experience. With minimum wage increasing for the past couple of years it makes it difficult on employers who run small businesses to hire more new workers because they too are also citizens that have to pay their taxes and extra just to keep their business up and running. Such as the author Gina Kim who wrote the article “Minimum wage: helpful or harmful for small businesses” states that 85% of small businesses pay workers a bit more than the minimum to keep their workers interested in the job and they have to make profits out of their business to keep it on track. These businesses cannot innovate if the wage increases because then the labor market will pick up the prices on materials as well creating more of a problem for small business owners to keeping their company open for as long as possible and their solution would be to not hire a lot of employees. This pretty much explains the reasoning about how it will be troublesome for new fresh workers trying to just gain experience and get hard earned
Students of today prefer collaborative group work (Black , 2010) Therefore group project works has been widely used in the Polytechnics to engage students. Educators also favours group work because it can offer students the opportunities to work on more complex and challenging tasks. Furthermore, employers prefer graduates who are competent to work in groups and possess some teamwork skills. However, there are some undesirable elements of group work. Educators are constantly concerned with freeloader and their learning, whereas students are concerned with differential contribution and the unfairness of assessment.
Teaching one of the main languages in the world is another world of creativity and building a bridge of communication with different kinds of cultures is one of the advantages of teaching and learning the English language. During my profession as a teacher in the future, I will try my best to assess the needs of our community socially and economically by raising responsible and educated generations that will make diverse changes in their society. By instilling the proper ways of using English as a tool to help others, students will be able to collide their intellectual abilities to solve problems and discover their personalities so that they can get more experiences in order to face the obstacles around them. Moreover, teachers are supposed
Youth unemployment in few recent years has been increased because of the low foreign and domestic investment. Due to the security risks people are hesitant in investing businesses that also have caused an increase in the unemployment. Some of the young people can be without jobs due to the frictional unemployment. The theories of unemployment put forward this idea that some school leavers are expected to remain unemployed for the sake of finding suitable jobs. Youth unemployment can also be an outcome of the business cycle.
As they may not qualify in obtaining jobs require degree education. They thus either work for the job required secondary education only or need to further their study. Tertiary education may harm one’s social mobility if one failed in finding a job. Moreover, the mean of the interviewees of agreeing whether education can equip students with professional skills and knowledge necessary for future employment is the lowest among the tertiary education graduates (3.4). We can see that tertiary education may not be effective in promoting social mobility.