Educational Inflation
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Educational Inflation
Educational inflation is the increasing educational requirements for occupations that do not require them. Credential inflation is the increasing overqualification for occupations demanded by employers. There are some occupations that used to require a high school diploma, such as construction supervisors, loans officers, insurance clerks, and executive assistants, that are increasingly requiring a bachelor's degree. Some jobs that formerly required candidates to have a bachelor's degree, such as becoming a director in the federal government, tutoring students, or being a history tour guide in a historic site, now require a master's degree. Some jobs that used to require a master's degree, such as junior scientific researcher positions and sessional lecturer jobs, now require a PhD. Also, some jobs that formerly required only a PhD, such as university professor positions, are increasingly requiring one or more postdoctoral fellowship appointments. Often increased requirem ...
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High School Diploma
A high school diploma or high school degree is a North American academic school leaving qualification awarded upon high school graduation. The high school diploma is typically obtained after a course of study lasting four years, from grade 9 to grade 12. The diploma is awarded by the school in accordance with the requirements of the local state or provincial government. Requirements for earning the diploma vary by jurisdiction, and there may be different requirements for different streams or levels of high school graduation. Typically they include a combination of selected coursework meeting specified criteria for a particular stream and acceptable passing grades earned on the state exit examination. Diplomas in specific jurisdictions Canada Each province issues their own high school diploma. As in the US, there is no federal control of education in Canada; each province is responsible for its own education system. Alberta In Alberta, the diploma is known as an Alberta High Schoo ...
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Occupational Closure
In sociology, an occupational closure (or professional demarcation) is the process whereby a trade or occupation (vocation) transforms itself, or tries to transform itself, into a true profession by closing off entry to the profession to all but those people who are suitably qualified, as defined by the practitioners already practicing the occupation in any given jurisdiction. This can be achieved by licensure (occupational licensing) and professional certification, barring entry to all except those who have passed certain entrance examinations and grades of training, or by allowing entry only to those who have gained membership of a specific professional body (a professional association, such as a particular medical society). It can also be achieved by trade unionism, and most especially craft unionism as contrasted with industrial unionism, in countries where sufficient union membership (as a percentage of workers in an occupation) can be achieved despite the prevailing gradie ...
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Class Stratification
Class stratification is a form of social stratification in which a society is separated into parties whose members have different access to resources and power. An economic, natural, cultural, religious, interests and ideal rift usually exists between different classes. Process of class stratification In the early stages of class stratification, the majority of members in a given society have similar access to wealth and power, with only a few members displaying noticeably more or less wealth than the rest. As time goes on, the largest share of wealth and status can begin to concentrate around a small number of the population. When wealth continues to concentrate, pockets of society with significantly less wealth may develop, until a sharp imbalance between rich and poor is created. As members of a society spread out from one another economically, classes are created. When a physical gap is added, a cultural rift between the classes comes into existence, an example being the ...
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Independent Business
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ''Forbes'' survey of closely held U.S. businesses sold a trillion dollars' worth of goods and services ( ...
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Manufacturing
Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. The term may refer to a range of human activity, from handicraft to high-tech, but it is most commonly applied to industrial design, in which raw materials from the primary sector are transformed into finished goods on a large scale. Such goods may be sold to other manufacturers for the production of other more complex products (such as aircraft, household appliances, furniture, sports equipment or automobiles), or distributed via the tertiary industry to end users and consumers (usually through wholesalers, who in turn sell to retailers, who then sell them to individual customers). Manufacturing engineering is the field of engineering that designs and optimizes the manufacturing process, or the steps through which raw materials are transformed into a final p ...
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Professions
A profession is a field of Work (human activity), work that has been successfully ''professionalized''. It can be defined as a disciplined group of individuals, ''Professional, professionals'', who adhere to ethical standards and who hold themselves out as, and are accepted by the public as possessing special knowledge and skills in a widely recognised body of learning derived from research, education and training at a high level, and who are prepared to apply this knowledge and exercise these skills in the interest of others. Professional occupations are founded upon specialized educational training, the purpose of which is to supply disinterested objective counsel and service to others, for a direct and definite compensation, wholly apart from expectation of other business gain. Medieval and early modern tradition recognized only three professions: Divinity (academic discipline), divinity, medicine, and law,Perks, R.W.(1993): ''Accounting and Society''. Chapman & Hall (Lond ...
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United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ...
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Management Consultant
Management consulting is the practice of providing consulting services to organizations to improve their performance or in any way to assist in achieving organizational objectives. Organizations may draw upon the services of management consultants for a number of reasons, including gaining external (and presumably objective) advice and accessing consultants' specialized expertise regarding concerns that call for additional oversight. As a result of their exposure to and relationships with numerous organizations, consulting firms are typically aware of industry "best practices". However, the specific nature of situations under consideration may limit the ability or appropriateness of transferring such practices from one organization to another. Management consulting is an additional service to internal management functions and, for various legal and practical reasons, may not be seen as a replacement for internal management. Unlike interim management, management consultants do not ...
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Federal Reserve Bank Of St
Federal or foederal (archaic) may refer to: Politics General *Federal monarchy, a federation of monarchies *Federation, or ''Federal state'' (federal system), a type of government characterized by both a central (federal) government and states or regional governments that are partially self-governing; a union of states *Federal republic, a federation which is a republic *Federalism, a political philosophy *Federalist, a political belief or member of a political grouping *Federalization, implementation of federalism Particular governments *Federal government of the United States **United States federal law **United States federal courts *Government of Argentina *Government of Australia *Government of Pakistan *Federal government of Brazil *Government of Canada *Government of India *Federal government of Mexico *Federal government of Nigeria *Government of Russia *Government of South Africa *Government of Philippines Other *''The Federalist Papers'', critical early arguments in fav ...
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Economists
An economist is a professional and practitioner in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this field there are many sub-fields, ranging from the broad philosophical theories to the focused study of minutiae within specific markets, macroeconomic analysis, microeconomic analysis or financial statement analysis Financial statement analysis (or just financial analysis) is the process of reviewing and analyzing a company's financial statements to make better economic decisions to earn income in future. These statements include the income statement, balanc ..., involving analytical methods and tools such as econometrics, statistics, Computational economics, economics computational models, financial economics, mathematical finance and mathematical economics. Professions Economists work in many fields including academia, government and in the private ...
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Peter Drucker
Peter Ferdinand Drucker (; ; November 19, 1909 – November 11, 2005) was an Austrian-American management consultant, educator, and author, whose writings contributed to the philosophical and practical foundations of the modern business corporation. He was also a leader in the development of management education, he invented the concept known as management by objectives and self-control, and he has been described as "the founder of modern management". Drucker's books and articles, both scholarly and popular, explored how humans are organized across the business, government, and nonprofit sectors of society.Why Drucker Now?
, Drucker Institute.
He is one of the best-known and most widely influential thinkers and writers on the subject of management theory and practice. His writings have predicted many of the ma ...
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