Double sided coin
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More than one-third of Chinese participants said teachers had the same status as doctors.
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The Japanese think teachers have the same status as local government managers. In Brazil, France, Turkey, and the United States, people think teachers are roughly on par with librarians. So, how does the teaching profession compare to other professions? In the Czech Republic, Egypt, Switzerland, and many other countries, survey respondents said teachers have the status of social workers. According to the Varkey GEMS Foundation’s Global Teacher Status Index survey, which surveyed 21 countries to determine the status of teachers, people in China, Greece, and Turkey have the highest level of respect for teachers and their social standing. What value, then, do we place on those who provide education? How much respect do we have for the people who teach and train us? As it turns out, the answer varies widely from country to country. Clearly, becoming educated has a significant economic value. Earning an MBA, JD, or MD can translate into significantly higher earnings over a lifetime. In the United States, people who have graduated from college tend to earn more than those who have graduated from high school. IF YOU WERE ASKED TO COMPARE TEACHERS’ SOCIAL STATUS TO THAT OF other professions, how would it compare? Are teachers like doctors? Librarians? Social workers? Nurses? Local government officials? Web designers? Lawyers? Policemen? Engineers? Accountants?Įducation and training have a profound effect on economies and individuals. Indices are unmanaged and cannot be invested into directly. Past performance is no guarantee of future results. Sources: Yahoo! Finance, Barron’s,, London Bullion Market Association. Notes: S&P 500, Gold, DJ-UBS Commodity Index returns exclude reinvested dividends (gold does not pay a dividend) and the three-, five-, and 10-year returns are annualized the DJ Equity All REIT TR Index does include reinvested dividends and the three-, five-, and 10-year returns are annualized and the 10-year Treasury Note is simply the yield at the close of the day on each of the historical time periods. Let’s hope the labor force isn’t like a herd of cattle that moves too fast and arrives at market a lot skinnier and worth a lot less. A smaller labor force can make overall unemployment rate appear to be lower than it is. More than 700,000 jobs disappeared during October which was the largest monthly drop since the end of 2009. The New York Times reported the labor force participation rate fell to 62.8 percent, which is a 35-year low. It’s not time to whoop and holler, though. The biggest employment gains were in the hospitality, retail, technical services, manufacturing, and health care sectors. There were 12,000 fewer government jobs in October, and 94,000 fewer for the year.
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The government continued to employ fewer people (employees furloughed during the government shutdown were still counted as being employed). According to Forbes, employers added more than 200,000 jobs in October, which was far more than economists had anticipated. Last week, the employment numbers seemed to support the idea the economy is gaining steam. The challenge for policymakers is that tensions among the goals can arise in the short run and that information about the economy becomes available only with a lag and may be imperfect.” “The Federal Reserve sets the nation’s monetary policy to promote the objectives of maximum employment, stable prices, and moderate long-term interest rates. According to The Federal Reserve System: Purposes and Functions publication:
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Leave a Review Listen in a New Window Download SoundCloud Stitcher Subscribe on Android Subscribe via RSS Spotify Audioboom Spreaker Other OptionsĬlearly, the head of the Fed and the head of a cattle drive face different challenges.