In the 1960s and 1970s, America was reaching the end of its role as a manufacturing power. Old-style systems of compensation, especially company pension plans, were impoverishing many companies. Much to the disadvantage of less-industrious workers, companies started demanding merit, not just seniority, before someone could be promoted. Many managers who were only marginally effective were encouraged to resign. These changes were painful, but unavoidable, symptoms of a growth spurt in the U.S. economy. Economies grow and change just as people do.
A truly enterprising businessperson knows how to exploit these large changes and become involved in tomorrow is dynamic businesses, not yesterday is. There is still plenty of money to be made in America, a very effective incentive for workers to adapt to new conditions.
Direction: Answer the questions and send your answers to hanayolaw@gmail.com
1. Which sentence best expresses the essential information of this passage?
a. Most companies cannot afford to compensate their employees like they used to.
b. Anyone interested in making a lot of money should move to the United States.
c. The 1960s and 1970s were times of great change for the American economy.
d. Just as retailers adapt to economic change, so must manufacturers.
2. The author of this article expresses a negative opinion about __________.
a. business persons
b. workers who depended on seniority for promotion
c. companies that exploit changes in the economy
d. the American economy as a whole
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