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As the new economy has cooled, there has Been a steady drumbeat of layoff announcements. M

ore than 36,000 dotcom employees were cut in the second half of last year, including some 10,000 last month. But th6 firings went well beyond dotcomland. There were more than 480,000 layoffs through November. General Motors is laying off 15,000 workers with the closing of Oldsmobile. Whirlpool is trimming 6,300 workers; Aetna is letting go 5,000.

The remarkable thing is that US unemployment has so far stayed strikingly low. While the NASDAQ plunged and growth trailed off last year, the unemployment rate fluctuated between 3.9% and 4.1%. That pales compared with the unemployment rates during Old Economy dark years like 1992 (7.5%) and 1982 (9.7%).

And it gives the lie to an Old Economy article of faith--that there was a "natural rate of unemployment below which the economy could not operate without spurring inflation". The supposed natural rate: just under 6%.

How to account for the strong jobs picture? In part it's because of the tight labor market of the New Economy. Employers fought hard during the expansion to recruit and retain skilled workers. They are not looking to slash their payrolls unless they think a major recession is coming--because they know how much time and effort went into building their work forces.

There is also more worker "churning" going on. Employees are losing their jobs for economic reasons, but they're generally finding new work quickly. The latest rite of the Internet world is the "pink-slip party" for those just let go. Dotcommers go to commiserate and often come away with new job offers. Job churning makes the economy more efficient: it directs workers to the positions where they are most useful. But it comes at some psychic cost to employees and weakens the social fabric. Workers who shift from job to job do not have the security, or form. the same workplace bonds, which corporate long-timers did in the Old Economy.

Why does GM cut down 15,000 employees?

A.Because the labor conflicts with the management.

B.Because the other companies lay off their employees.

C.Because it has lost its credits in the world.

D.Because the global economy declines.

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更多“As the new economy has cooled, there has Been a steady drumbeat of layoff announcements. M”相关的问题

第1题

In an expanding economy, the former luxuries______.A.are taken for granted by the new gene

In an expanding economy, the former luxuries______.

A.are taken for granted by the new generation

B.are soon replaced by new ones

C.produce expanding aspirations

D.free the well-off people from housework

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第2题

It can be seen from the passage that in the second stage ______.A.some traditional goods a

It can be seen from the passage that in the second stage ______.

A.some traditional goods and services were not successful when provided by the home economy

B.the market economy provided new goods and services never produced by the home economy

C.producing traditional goods at home became socially unaceeptable

D.whether new goods and services were produced by the home economy became irrelevant

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第3题

Economic growth did not make it more flexible for the home economy to obtain the new goods
and services because ______.

A.the family was not efficient in production

B.it was illegal for the home economy to produce them

C.it could not supply them by itself

D.the market for these goods and services was limited

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第4题

The word "mogul" (Line 2, Para. 2) most probably means.A.money made by the new economyB.pe

The word "mogul" (Line 2, Para. 2) most probably means.

A.money made by the new economy

B.people who made a fortune in this new era

C.new rules of modern-day capitalism

D.Adam Smith and his peers

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第5题

Write all article titled as“Knowledge Economy”.You should write it according to t
he following outline.

Outline:(1)A new knowledge economy age is coming near.

(2)What is“knowledge economy”.

(3)The knowledge economy age presents both opportunities and challenges to us.

You should write no less than 250 words.Write your article on ANSWER SHEET 2.

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第6题

From English into Chinese: Services play an important role in the economy of many indust

From English into Chinese:

Services play an important role in the economy of many industrialized countries. As a result, international growth and competition in this sector has begun to outstrip that of merchandise trade and is likely to intensify in the future. Even though services unlikely to replace production, the sector will account for the shaping of new comparative advantages internationally.

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第7题

When a group of immigrants became strong in its economy, they were likely to______.A.show

When a group of immigrants became strong in its economy, they were likely to______.

A.show 'prejudice and discrimination against newcomers

B.fight among themselves to establish a more dominating role

C.prevent new settlers from being greatly involved in social activities

D.fight against natives to gain more profits

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第8题

The word "mogul"(Line 1, Para. 2) most probably means ______.A.money made by the new econo

The word "mogul"(Line 1, Para. 2) most probably means ______.

A.money made by the new economy

B.people who made a fortune in this new era

C.new rules of modern-day capitalism

D.Adam Smith and his peers

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第9题

Which of the following statements is NOT TRUE, according to the passage?A.Slaves in Greece

Which of the following statements is NOT TRUE, according to the passage?

A.Slaves in Greece in the sixth centuryB.C.were not politically significant.

B.The "burghers" of the later Middle Ages constituted an entirely new social class.

C.To some extent, social mobility can be attributed to the growth of trade.

D.The new class made up of traders and executive officials of the later Middle Ages made the development of a money economy possible.

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第10题

The living standards of the new immigrants were improved in the late nineteenth and early
twentieth centuries mainly because

A.they kept the political bosses in power.

B.the political bosses gave them a lot of practical help.

C.they had a much stronger feeling of being a part of the larger culture.

D.there was a rapid growth in American economy at that time.

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第11题

Why does the author suggest that some leaders of the new economy say they are not in busin
ess for the purpose of making money?

A.Because they want to show that they are driven by higher motives.

B.Because they want to lower their expectations.

C.Because it's bad business.

D.Because they have evolved beyond such base intentions.

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