This section provides an overview of key trends shaping the future of the industry: These factors, combined with the growth of disposable income, the rise of the middle class in many emerging markets and changing attitudes of people towards travel, have enabled the industry to flourish.
In a new book, The Vanishing Middle Class: America is not one country anymore. It is becoming two, each with vastly different resources, expectations, and fates. They grow up with parents who read books to them, tutors to help with homework, and plenty of stimulating things to do and places to go.
They travel in planes and drive new cars. The citizens of this country see economic growth all around them and exciting possibilities for the future.
They make plans, influence policies, and count themselves as lucky to be Americans. The FTE citizens rarely visit the country where the other 80 percent of Americans live: Here, the world of possibility is shrinking, often dramatically.
People are burdened with debt and anxious about their insecure jobs if they have a job at all. Many of them are getting sicker and dying younger than they used to.
They get around by crumbling public transport and cars they have trouble paying for. If they go to college, they finance it by going heavily into debt.
They are not thinking about the future; they are focused on surviving the present. The world in which they reside is very different from the one they were taught to believe in. While members of the first country act, these people are acted upon.
The two sectors, notes Temin, have entirely distinct financial systems, residential situations, and educational opportunities.
Quite different things happen when they get sick, or when they interact with the law. They move independently of each other. Only one path exists by which the citizens of the low-wage country can enter the affluent one, and that path is fraught with obstacles. Most have no way out.
The richest large economy in the world, says Temin, is coming to have an economic and political structure more like a developing nation. We have entered a phase of regressionand one of the easiest ways to see it is in our infrastructure: But it goes far deeper than that, which is why Temin uses a famous economic model created to understand developing nations to describe how far inequality has progressed in the United States.
The model is the work of West Indian economist W. Arthur Lewis, the only person of African descent to win a Nobel Prize in economics. For the first time, this model is applied with systematic precision to the U.
The result is profoundly disturbing. In the Lewis model of a dual economy, much of the low-wage sector has little influence over public policy. The high-income sector will keep wages down in the other sector to provide cheap labor for its businesses.
Social control is used to keep the low-wage sector from challenging the policies favored by the high-income sector. Mass incarceration - check. The primary goal of the richest members of the high-income sector is to lower taxes. Social and economic mobility is low. In the developing countries Lewis studied, people try to move from the low-wage sector to the affluent sector by transplanting from rural areas to the city to get a job.Internal and external factors that stimulate desire and energy in people to be continually interested and committed to a job, role or subject, or to make an effort to attain a goal..
Motivation results from the interaction of both conscious and unconscious factors such as the (1) intensity of desire or need, (2) incentive or reward value of the goal, and (3) expectations of the individual and.
Older people love to gripe about the entitled, lazy millennial generation. But it's nothing new – by delving into the archives, we found plenty of parallels stretching back 2, years.
We should advance in our careers, look gorgeous and thin, marry well (but not be dependent on our partner), have children (while still looking just as gorgeous and just as thin), be an involved, nurturing parent while continuing to advance in our careers and, oh yeah, look gorgeous and thin.
On Gender Differences, No Consensus on Nature vs. Nurture 2. Americans see different expectations for men and women. By Kim Parker, Juliana Menasce Horowitz and Renee Stepler.
The public has very different views about what society values most in men and what it values in women. The industry’s ability to continue generating growth, creating jobs and enabling national development and regional integration is dependent on whether it recognizes and adapts to key trends and transformational issues that will affect the industry in the short, medium and long term.
Oct 10, · I think that whether an employee gets satisfaction out of his job is completely based on his or her personality and expectations. We can't make generalizations about how people .