Millennial Changes on Earnings over Decades
read this article and answer questions on word. https://www(dot)nytimes(dot)com/2015/08/02/opinion/sunday/were-making-life-too-hard-for-millennials.html
First graph: “A Big Pay Cut”a.What was the % increase or decrease in median earnings from one decade to the next? From 1990 to 2013?b.Why are the bars positioned and colored as they are? Which decade serves as the baseline? Why? c.What does “Figures in 2013 dollars” mean? Why was this used in this graph? How does someone making a graph like this calculate figures to adjust for inflation?d.Were median earnings for 18-to-34-year-olds actually $35,845 in 1980? Research the relevant inflation rate and calculate the nominal earnings for 1980. e.In what other way could this information be depicted visually? Which is more effective? Why?Third graph: “Less Wealth”a.What is net worth? What does this number tell us about millennials?b.Give two or more reasons why millennials have a lower median net worth than their counterparts in 1990.c.How does their % decrease in net worth compare to their % decrease in median earnings?Fifth graph: “Not Buying”a.What is your first impression on looking at this graph? Express this in one sentence.b.How do you think your impression might be different if the information were presented differently? For examplea.A longer or shorter time period (horizontal or X axis)b.A different scale of percentages (vertical or Y axis)Commentarya.Which of the author’s opinions are not supported by data? Why do you think he makes those statements?Make a list of the words in this article that influence the reader’s emotional reactions; which are negative and which are positive? Which are “weasel words” that suggest numerical amounts without stating actual numbers?b.What other data might the author have included to give a more-complete context?
Millennial Changes on Earnings over Decades
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Millennial Changes on Earnings over Decades
Making Life too hard for the millennial is one of the significant modern automatic self-centred wellbeing prospects in humanity. The urban dwellers and city guys stay on changes of opinions on social network platforms throughout the fretful economic prospect. According to “Big Pay Cut” the percentage decrease between the years 1990 to 2013 was 1.53% and increase percentage in 1990-2013 is 1.47%. The bars are positioned in this structure for the sake of comparison reasons. The baseline decade is 1980-1990. This was the media pay for the bachelor holders aged between 18-34 years old. In the “Big Pay Cut” the life style has been deteriorating for the best educated generation regardless of professional levels. &l...
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