Can someone please revise my summary? Thanks!
The salary of college graduates has grown since 1963 whereas wages for people without high-school diplomas dropped. The recent rise in earnings for skilled workers is uncommon. There were 2 declines in wage differences in the past.
In the 14th century, because the interest rates were high and life expectancy was short, very few people were willing to spend time on an apprenticeship in order to become a craftsman. However, when the Black Death struck England, the interest rates plummeted, causing the increased number of skilled workers. Therefore, the wage premium dropped.
Another decline happened due to the Industrial Revolution. Many craftsmen were replaced by machines, which were operated by workers with few months’ training. Hence, the wages of skilled workers declined and not recovered until 1960.
Nowadays, companies favored skilled workers produced by universities but this phenomenon may not continue because of the artificial intelligence. According to the projections of America’s Bureau of Labor, there are 4 out of 5 occupations without the need for bachelor’s degree. In addition, companies have a tendency to replace those employers who have a wage premium.
Source:
http://www.economist.com/news/finance-and-economics/21723403-recent-rise-earnings-skilled-workers-rare-phenomenon-what-history
Search from various English teachers...
Corrections · 5
1
Can someone please revise my summary? Thanks!
The salary of college graduates has grown since 1963, whereas wages for people, without high-school diplomas, has dropped. The recent A rise in earnings for skilled workers is uncommon. There were 2 two declines (Two what? $2, 2%) in wage differences in the past (In the past what? Century, years, months, weeks?).In the 14th century, because the interest rates were high and life expectancy was short, very few people were willing to spend time on an apprenticeship in order to become a craftsman. However, when the Black Death struck England (When was this? Same century? Are you comparing the differences?), the interest rates plummeted, causing the increased number of skilled workers. Therefore, the wage premium dropped.
Another decline in wages happened occurred due to the Industrial Revolution (When?). Many craftsmen were replaced by machines, which were operated by workers with a few months’ training. Hence, the wages of skilled workers declined and never recovered until 1960.
Nowadays, companies favored ("Favor" American English, "Favour" British English) skilled workers produced by universities, but this phenomenon may not continue because of the artificial intelligence.
(The sentence above this and the sentence below this contradict each other and make it confusing. You say university is favoured by companies for jobs, but then you say 4 out of 5 jobs don't need bachelors. Which would mean the majority of jobs in America don't need university. Or why specifically bachelor, what about other degrees?).
According to the projections of America’s Bureau of Labor, there are 4 out of 5 occupations without the need for bachelor’s degree. In addition, companies have a tendency to replace those employers who have a wage premium.
Source:
http://www.economist.com/news/finance-and-economics/21723403-recent-rise-earnings-skilled-workers-rare-phenomenon-what-history
1
Can someone please revise my summary? Thanks!
The salary of college graduates has grown since 1963, while wages for people, without high-school diplomas, have dropped. The recent rise in earnings for skilled workers is uncommon. There were two declines in wage differences in the past.In the 14th century, because the interest rates were high and life expectancy was short, very few people were willing to spend time on an apprenticeship to become a craftsman. However, when the Black Death struck England, the interest rates plummeted, causing an increase in the number of skilled workers. As a result, the wage premium dropped.
Another decline happened due to the Industrial Revolution. Many craftsmen were replaced by machines, which were operated by workers with a few months of training. Hence, the wages of skilled workers declined and did not recover until 1960.
Today companies favor skilled workers trained at universities. This phenomenon may not continue as artificial intelligence becomes more widely accepted. According to the projections of the US Bureau of Labor Statistics, there are 4 out of 5 occupations without the need for a bachelor’s degree. Companies tend to replace those employees who have a wage premium.
Source:
http://www.economist.com/news/finance-and-economics/21723403-recent-rise-earnings-skilled-workers-rare-phenomenon-what-history
1
Can someone please revise my summary? Thanks!
The salary of college graduates has grown since 1963 whereas wages for people without high-school diplomas has dropped. The recent rise in earnings for skilled workers is uncommon. There were two declines in wage differences in the past.In the 14th century, because the interest rates were high* the variety of interests that people had was vast and life expectancy was short, very few people were willing to spend time on an apprenticeship in order to become a craftsman. However, when the Black Death struck England, the interest rates* the amount of interests plummeted, causing an increased number of skilled workers. Therefore, the wage premium dropped.
Another decline happened due to the Industrial Revolution. Many craftsmen were replaced by machines, which were operated by workers with only a few months’ of training. Hence, the wages of skilled workers declined and did not recover until 1960.
Nowadays, companies favor skilled workers with university degrees but this phenomenon may not continue because of artificial intelligence. According to the projections of America’s Bureau of Labor, there are 4 out of 5 occupations without the need for a bachelor’s degree. In addition, companies have a tendency to replace those employees who have a wage premium.
Source:
http://www.economist.com/news/finance-and-economics/21723403-recent-rise-earnings-skilled-workers-rare-phenomenon-what-history
*When you say 'interest rates' are you referring to 1.) the amount of activities and hobbies that people had interest in or are you referring to 'interest rates' from an 2.) economical perspective? If you mean option 1 please refer to the correction. If you mean option 2 then the original wording is correct. However I don't believe using the phrase 'the interest rates' from an economical perspective makes much sense.
1
The salary of college graduates has been grown since 1963 whereas wages for people without high-school diplomas dropped. The recent rise in earnings for skilled workers is uncommon. There were 2 declines in wage differences in the past.
In the 14th century, because the interest rates were high and life expectancy was short, few people were willing to spend time on an apprenticeship in order to become a craftsman. However, when the Black Death struck England, the interest rates plummeted, causing the increased number of skilled workers. Therefore, the wage premium dropped.
Another decline happened due to the Industrial Revolution. Many craftsmen were replaced by machines, which were operated by workers with few months’ training. Hence, the wages of skilled workers declined and not recovered until 1960.
Nowadays, companies favored skilled workers formed by the universities but this phenomenon may not continue because of the artificial intelligence. According to the projections of America’s Bureau of Labor, there are 4 out of 5 occupations without the need for bachelor’s degree. In addition, companies have a tendency to replace those employers who have a wage premium.
Source:
http://www.economist.com/news/finance-and-economics/21723403-recent-rise-earnings-skilled-workers-rare-phenomenon-what-history
In the 14th century, because the interest rates were high and life expectancy was short, few people were willing to spend time on an apprenticeship in order to become a craftsman. However, when the Black Death struck England, the interest rates plummeted, causing the increased number of skilled workers. Therefore, the wage premium dropped.
Another decline happened due to the Industrial Revolution. Many craftsmen were replaced by machines, which were operated by workers with few months’ training. Hence, the wages of skilled workers declined and not recovered until 1960.
Nowadays, companies favored skilled workers formed by the universities but this phenomenon may not continue because of the artificial intelligence. According to the projections of America’s Bureau of Labor, there are 4 out of 5 occupations without the need for bachelor’s degree. In addition, companies have a tendency to replace those employers who have a wage premium.
Source:
http://www.economist.com/news/finance-and-economics/21723403-recent-rise-earnings-skilled-workers-rare-phenomenon-what-history
Want to progress faster?
Join this learning community and try out free exercises!
Don’t miss out on the opportunity to learn a language from the comfort of your own home. Browse our selection of experienced language tutors and enroll in your first lesson now!
Start Learning Today
