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A dead-end job is a job where there is little or no chance of career development and advancement into a better position. If an individual requires further education to progress within their firm that is difficult to obtain for any reason, this can result in the occupation being classified as a dead-end position. [1]
[3] Competition causes the same jobs to move to a different location, and workers do not or cannot follow. Examples: Manufacturing jobs in the United States moved from what are now called Rust Belt cities to lower-cost cities in the South and rural areas. Globalization has caused many manufacturing jobs to move from high-wage to low-wage countries.
According to The Harris Poll (2007), the following are the changes over the last quarter century of American's view as the most and least prestigious jobs: Those who see teachers as having "very great" prestige has risen 25 points from 29 to 54 percent; Those who say lawyers have "very great" prestige has fallen 14 points, from 36 to 22 percent;
Children born to parents with income on the bottom rung of the ladder are highly likely (42 percent) to also be in the bottom rung in adulthood, while those born to parents on the top rung are very likely to stay at the top (39 percent). This is known as “stickiness at the ends.” (‘Across Generations’ Figure 4)
As of September 2016, the total veteran unemployment rate was 4.3 percent. By September 2017, that figure had dropped to 3 percent. [173] About 25,000,000 people in the world's 30 richest countries lost their jobs between the end of 2007 and the end of 2010, as the economic downturn pushed most countries into recession. [174]
The Great Recession has left havoc in in its wake, according to the John J. Heldrich Center for Workforce Development at Rutgers. Of those who lost jobs since 2009, 41 percent had to change ...
What most neoclassical economists mean by "full" employment is a rate somewhat less than 100% employment. Others, such as the late James Tobin, have been accused of disagreeing, considering full employment as 0% unemployment. [7]
During the 1980s, marginal income tax rates were lowered and the U.S. created 18.3 million net new jobs. During the 1990s, marginal income tax rates rose and the U.S. created 21.6 million net new jobs. From 2000 to 2010, marginal income tax rates were lowered due to the Bush tax cuts and the U.S. created no net new jobs. The 7.5 million created ...