首页
登录
职称英语
The unprecedented U. S. economic boom of the last half of the 1990s was prop
The unprecedented U. S. economic boom of the last half of the 1990s was prop
游客
2025-05-02
1
管理
问题
The unprecedented U. S. economic boom of the last half of the 1990s was propelled by investment in digital technology. Investors sank billions of dollars into dot-com startups. Billions more were invested to solve the Y2K problem. Conversion to the euro required still more billions. Together, these star-aligned events delivered an enormous economic stimulus. (1)
Between 1998 and 2000 .capital spending’s share of the economy was 23 percent higher than at the start of the’90s -- and 18 percent higher than today. The weakened e-conomy of the past three years represents the inevitable payback for that abnormal bulge.
(2)
The good news is that the present economic softness has been cushioned by new technology.
Sophisticated information systems have allowed companies to manage inventories more efficiently. Today, aggregate nonfarm inventories in the United States, when measured against final sales, are 30 percent lower than the average for the past 40 years. So routine pullbacks in consumer spending should no longer be followed by severe inventory corrections, which worsen recessions. In fact, the brief, eight-month recession from March to November 2001 is the shortest of the nine recessions since World War II.
(3)
The bad news is that companies are using new technology to displace higher-cost human effort.
In-deed, annual productivity is increasing by 2 percent, the economy is growing at 3 percent and the stock market is recovering, but unemployment is at 6 percent Granted, that’s below the average rate of 7 percent from 1979 to 1994, but it’s above the 5 percent average of the past nine years. (4)
As consumers, we appreciate the lower-cost, higher-quality goods coming from both U. S. and overseas sources. As shareholders, we applaud better corporate returns. But as wage earners, we are distressed at job insecurity and losses.
(5)
Given the unrelenting pressure on businesses to reduce costs to remain competitive, given the power of new technologies to displace workers, and given the lure of lower-labor-cost nations for offshore production and services, how can unemployment be minimized while the overall economy grows?
The only long-run solution is innovation. Innovative products and services are essential to generate new businesses and jobs so the economy can grow at the pace needed to absorb available labor: 4 to 5 percent New work will require retraining because new businesses are likely to be heavily dependent on knowledge workers;there will be a premium on education. Whatever might be the new technologies that will stimulate economic expansion, they will depend on an educated work force. America must have the social and political will to address the educational demands of this high-technology-driven era. [br]
选项
答案
坏消息是公司正逐渐采用新技术以取代更为昂贵的劳动力。
解析
转载请注明原文地址:http://tihaiku.com/zcyy/4058926.html
相关试题推荐
Afewyearsago,therichworld’sworryabouteconomicinteractionwithdeve
Therecenteconomiccrisishasbroughtabouta______inworldtrade.A、sagB、tilt
Theywanttostimulateeconomicgrowthintheregionbyoffering______toforeig
Sharesonthestockmarkethave____asaresultofaworldwideeconomicdownturn.
TheunprecedentedU.S.economicboomofthelasthalfofthe1990swasprop
Althoughhehasbecomerich,heisstillvery____ofhismoney.A、economicB、thrift
Therecenteconomiccrisishasbroughtabouta____inworldtrade.A、sagB、tiltC、
Therelationshipbetweenformaleducationandeconomicgrowthinpoorcountr
Therelationshipbetweenformaleducationandeconomicgrowthinpoorcountr
Therelationshipbetweenformaleducationandeconomicgrowthinpoorcountr
随机试题
—Whichofthefollowinggroupallbelongstothesamecategory?—______.A、Cabbag
TheEuropeanUnion(EU)isabouttoundertakethebiggestenlargementofitsb
Yearsago,doctorsoftensaidthatpainwasanormalpartoflife.Inpartic
在以下关于干湿球温度计的叙述中,下列哪条叙述是不正确的?()A.如果大气压力
关于钢筋的加工及安装工程,下列说法错误的有( )。A.钢筋代换应按钢筋承载力设
在定性评估方法中,评分法的特点有()。A:确定项目的评价标准或因素比较灵活 B
基础心理学是研究()。 (A)正常成人心理现象的心理学基础学科 (B
Dean分类依据中不包括下列哪项A.釉质表面光泽度 B.颜色改变程度 C.釉
下列情形中,注册会计师通常考虑采用较高的百分比确定实际执行的重要性的是()。A
郊区0.4KV室外架空导线应用的导线为()。A.光钢芯铝绞线 B.铜芯铝
最新回复
(
0
)