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Many people talked of the 288,000 new jobs the Labor Department reported for June, along with the drop in the unemployment rate to 6.1 percent, as good news. And they were right. For now it appears the economy is creating jobs at a decent pace. We still have a long way to go to get back to full employment, but at least we are now finally moving forward at a faster pace.

However, there is another important part of the jobs picture that was largely overlooked. There was a big jump in the number of people who report voluntarily working part-time. This figure is now 830,000 (4.4 percent) above its year ago level.

Before explaining the connection to the Obamacare, it is worth making an important distinction. Many people who work part-time jobs actually want full-time jobs. They take part-time work because this is all they can get. An increase in involuntary part-time work is evidence of weakness in the labor market and it means that many people will be having a very hard time making ends meet.

There was an increase in involuntary part-time in June, but the general direction has been down. Involuntary part-time employment is still far higher than before the recession, but it is down by 640,000 (7.9 percent) from its year ago level.

We know the difference between voluntary and involuntary part-time employment because people tell us. The survey used by the Labor Department asks people if they worked less than 35 hours in the reference week. If the answer is “yes”, they are classified as working part-time. The survey then asks whether they worked less than 35 hours in that week because they wanted to work less than full time or because they had no choice. They are only classified as voluntary part-time workers if they tell the survey taker they chose to work less than 35 hours a week.

The issue of voluntary part-time relates to Obamacare because one of the main purposes was to allow people to get insurance outside of employment. For many people, especially those with serious health conditions or family members with serious health conditions, before Obamacare the only way to get insurance was through a job that provided health insurance.

However, Obamacare has allowed more than 12 million people to either get insurance through Medicaid or the exchanges. These are people who may previously have felt the need to get a full-time job that provided insurance in order to cover themselves and their families. With Obamacare there is no longer a link between employment and insurance.

1

Which part of the jobs picture was neglected?

A

The prospect of a thriving job market.

B

The increase of voluntary part-time jobs.

C

The possibility of full employment.

D

The acceleration of job creation.

2

Many people work part-time because they________.

A

prefer part-time jobs to full-time jobs

B

feel that is enough to make ends meet

C

cannot get their hands on full-time jobs

D

haven’t seen the weakness of the market

3

Involuntary part-time employment in the US________.

A

satisfies the real need of the jobless

B

is harder to acquire than one year ago

C

shows a general tendency of decline

D

is lower than before the recession

What would you do with $590m? This is now a question for Gloria MacKenzie, an 84-year-old widow who recently emerged from her small, tin-roofed house in Florida to collect the biggest undivided lottery jackpot in history. If she hopes her new-found fortune will yield lasting feelings of fulfilment, she could do worse than read Happy Money by Elizabeth Dunn and Michael Norton.

These two academics use an array of behavioral research to show that the most rewarding ways to spend money can be counterintuitive. Fantasies of great wealth often involve visions of fancy cars and extravagant homes. Yet satisfaction with these material purchases wears off fairly quickly. What was once exciting and new becomes old-hat; regret creeps in. It is far better to spend money on experiences, say Ms. Dunn and Mr. Norton, like interesting trips, unique meals or even going to the cinema. These purchases often become more valuable with time—as stories or memories—particularly if they involve feeling more connected to others.

This slim volume is packed with tips to help wage slaves as well as lottery winners get the most “happiness bang for your buck.” It seems most people would be better off if they could shorten their commutes to work, spend more time with friends and family and less of it watching television (something the average American spends a whopping two months a year doing, and is hardly jollier for it). Buying gifts or giving to charity is often more pleasurable than purchasing things for oneself, and luxuries are most enjoyable when they are consumed sparingly. This is apparently the reason McDonald’s restricts the availability of its popular McRib—a marketing trick that has turned the pork sandwich into an object of obsession.

Readers of Happy Money are clearly a privileged lot, anxious about fulfilment, not hunger. Money may not quite buy happiness, but people in wealthier countries are generally happier than those in poor ones. Yet the link between feeling good and spending money on others can be seen among rich and poor people around the world, and scarcity enhances the pleasure of most things for most people. Not everyone will agree with the authors’ policy ideas, which range from mandating more holiday time to reducing tax incentives for American homebuyers. But most people will come away from this book believing it was money well spent.

6

According to Dunn and Norton, which of the following is the most rewarding purchase?

A

A big house.

B

A special tour.

C

A stylish car.

D

A rich meal.

4

It can be learned that with Obamacare,________.

A

it is no longer easy for part-timers to get insurance

B

full-time employment is still essential for insurance

C

it is still challenging to get insurance for family members

D

employment is no longer a precondition to get insurance

7

The author’s attitude toward Americans’ watching TV is________.

A

critical

B

supportive

C

sympathetic

D

ambiguous

8

McRib is mentioned in Paragraph 3 to show that________.

A

consumers are sometimes irrational

B

popularity usually comes after quality

C

marketing tricks are often effective

D

rarity generally increases pleasure

5

The text mainly discusses________.

A

employment in the US

B

part-timer classification

C

insurance through Medicaid

D

Obamacare’s trouble

9

According to the last paragraph, Happy Money________.

A

has left much room for readers’ criticism

B

may prove to be a worthwhile purchase

C

has predicted a wider income gap in the US

D

may give its readers a sense of achievement

An article in Scientific America has pointed out that empirical research says that, actually, you think you’re more beautiful than you are. We have a deep-seated need to feel good about ourselves and we naturally employ a number of self-enhancing strategies to achieve this. Social psychologists have amassed oceans of research into what they call the “above average effect,” or “illusory superiority,” and shown that, for example, 70% of us rate ourselves as above average in leadership, 93% in driving and 85% at getting on well with others—all obviously statistical impossibilities.

We rose-tint our memories and put ourselves into self-affirming situations. We become defensive when criticized, and apply negative stereotypes to others to boost our own esteem. We stalk around thinking we’re hot stuff.

Psychologist and behavioral scientist Nicholas Epley oversaw a key study into self-enhancement and attractiveness. Rather than have people simply rate their beauty compared with others, he asked them to identify an original photograph of themselves from a lineup including versions that had been altered to appear more and less attractive. Visual recognition, reads the study, is “an automatic psychological process, occurring rapidly and intuitively with little or no apparent conscious deliberation.” If the subjects quickly chose a falsely flattering image—which most did—they genuinely believed it was really how they looked.

Epley found no significant gender difference in responses. Nor was there any evidence that those who self-enhanced the most (that is, the participants who thought the most positively doctored pictures were real) were doing so to make up for profound insecurities. In fact, those who thought that the images higher up the attractiveness scale were real directly corresponded with those who showed other markers for having higher self-esteem. “I don’t think the findings that we have are any evidence of personal delusion,” says Epley. “It’s a reflection simply of people generally thinking well of themselves.” If you are depressed, you won’t be self-enhancing.

Knowing the results of Epley’s study, it makes sense that many people hate photographs of themselvesviscerally—on one level, they don’t even recognize the person in the picture as themselves. Facebook, therefore, is a self-enhancer’s paradise, where people can share only the most flattering photos, the cream of their wit, style, beauty, intellect and lifestyles. It’s not that people’s profiles are dishonest, says Catalina Toma of Wisconsin-Madison University, “but they portray an idealized version of themselves.”

11

According to the first paragraph, social psychologists have found that________.

A

our self-ratings are unrealistically high

B

illusory superiority is a baseless effect

C

self-enhancing strategies are ineffective

D

our need for leadership is unnatural

10

This text mainly discusses how to________.

A

balance feeling good and spending money

B

spend large sums of money won in lotteries

C

obtain lasting satisfaction from money spent

D

become more reasonable in spending on luxuries

12

Visual recognition is believed to be people’s________.

A

rapid matching

B

intuitive response

C

automatic self-defence

D

conscious choice

13

Epley found that people with higher self-esteem tended to________.

A

underestimate their insecurities

B

cover up their depressions

C

believe in their attractiveness

D

oversimplify their illusions

14

The word “viscerally” (Para. 5) is closest in meaning to________.

A

occasionally

B

instinctively

C

particularly

D

aggressively

15

It can be inferred that Facebook is a self-enhancer’s paradise because people can________.

A

present their dishonest profiles

B

withhold their unflattering sides

C

define their traditional lifestyles

D

share their intellectual pursuits

The concept of man versus machine is at least as old as the industrial revolution, but this phenomenon tends to be most acutely felt during economic downturns and fragile recoveries. And yet, it would be a mistake to think we are right now simply experiencing the painful side of a boom and bust cycle. Certain jobs have gone away for good, outmoded by machines. Since technology has such an insatiable appetite for eating up human jobs, this phenomenon will continue to restructure our economy in ways we cannot immediately foresee.

When there is rapid improvement in the price and performance of technology, jobs that were once thought to be immune from automation suddenly become threatened. This argument has attracted a lot of attention, via the success of the book Race Against the Machine, by Erik Brynjolfsson and Andrew McAfee, who both hail from MIT’s Center for Digital Business.

This is a powerful argument, and a scary one. And yet, John Hagel, author of The Power of Pull and other books, says Brynjolfsson and McAfee miss the reason why these jobs are so vulnerable to technology in the first place.

Hagel says we have designed jobs in the U.S. that tend to be “tightly scripted” and “highly standardized” ones that leave no room for “individual initiative or creativity.” In short, these are the types of jobs that machines can perform much better at than human beings. That is how we have put a giant target sign on the backs of American workers, Hagel says.

It’s time to reinvent the formula for how work is conducted, since we are still relying on a very 20th century notion of work, Hagel says. In our rapidly changing economy, we more than ever need people in the workplace who can take initiative and exercise their imagination “to respond to unexpected events”. That is not something machines are good at. They are designed to perform very predictable activities.

As Hagel notes, Brynjolfsson and McAfee indeed touched on this point in their book. We need to reframe race against the machine as race with the machine. In other words, we need to look at the ways in which machines can augment human labor rather than replace it. So then the problem is not really about technology, but rather, “how do we innovate our institutions and our work practices?”

16

According to the first paragraph, economic downturns would________.

A

ease the competition of man vs. machine

B

provoke a painful technological revolution

C

highlight machines’ threat to human jobs

D

outmode our current economic structure

17

The authors of Race Against the Machine argue that________.

A

technology is diminishing man’s job opportunities

B

automation is accelerating technological development

C

certain jobs will remain intact after automation

D

man will finally win the race against machine

18

Hagel argues that jobs in the U.S. are often________.

A

performed by innovative minds

B

scripted with an individual style

C

standardized without a clear target

D

designed against human creativity

19

According to the last paragraph, Brynjolfsson and McAfee discussed________.

A

the predictability of machine behavior in practice

B

the necessity of human involvement in the workplace

C

the ways machines replace human labor in modern times

D

the formula for how work is conducted efficiently

20

Which of the following could be the most appropriate title for the text?

A

How to Innovate Our Work Practices?

B

Machines Will Replace Human Labor

C

Can We Win the Race Against Machines?

D

Economic Downturns Stimulate Innovations

When the government talks about infrastructure contributing to the economy the focus is usually on roads, railways, broadband and energy. Housing is seldom mentioned.

Why is that? To some extent the housing sector must shoulder the blame. We have not been good at communicating the real value that housing can contribute to economic growth. Then there is the scale of the typical housing project. It is hard to shove for attention among multibillion-pound infrastructure projects, so it is inevitable that the attention is focused elsewhere. But perhaps the most significant reason is that the issue has always been so politically charged.

Nevertheless, the affordable housing situation is desperate. Waiting lists increase all the time and we are simply not building enough new homes.

The comprehensive spending review offers an opportunity for the government to help rectify this. It needs to put historical prejudices to one side and take some steps to address our urgent housing need.

There are some indications that it is preparing to do just that. The communities minister, Don Foster, has hinted that George Osborne, Chancellor of the Exchequer, may introduce more flexibility to the current cap on the amount that local authorities can borrow against their housing stock debt. Evidence shows that 60,000 extra new homes could be built over the next five years if the cap were lifted, increasing GDP by 0.6%.

Ministers should also look at creating greater certainty in the rental environment, which would have a significant impact on the ability of registered providers to fund new developments from revenues.

But it is not just down to the government. While these measures would be welcome in the short term, we must face up to the fact that the existing £4.5bn programme of grants to fund new affordable housing, set to expire in 2015, is unlikely to be extended beyond then. The Labor Party has recently announced that it will retain a large part of the coalition’s spending plans if it returns to power. The housing sector needs to accept that we are very unlikely to ever return to the era of large-scale public grants. We need to adjust to this changing climate.

While the government’s commitment to long-term funding may have changed, the very pressing need for more affordable housing is real and is not going away.

21

The author believes that the housing sector________.

A

has attracted much attention

B

has lost its real value in economy

C

involves certain political factors

D

shoulders too much responsibility

22

It can be learned that affordable housing has________.

A

suffered government biases

B

offered spending opportunities

C

disappointed the government

D

increased its home supply

23

According to Paragraph 5, George Osborne may________.

A

release a lifted GDP growth forecast

B

prepare to reduce housing stock debt

C

allow greater government debt for housing

D

stop local authorities from building homes

24

It can be inferred that a stable rental environment would________.

A

lower the costs of registered providers

B

lessen the impact of government interference

C

contribute to funding new developments

D

relieve the ministers of responsibilities

25

The author believes that after 2015, the government may________.

A

implement more policies to support housing

B

review the need for large-scale public grants

C

renew the affordable housing grants programme

D

stop generous funding to the housing sector

In an essay entitled “Making It in America,” the author Adam Davidson relates a joke from cotton country about just how much a modern textile mill has been automated: The average mill has only two employees today, “a man and a dog. The man is there to feed the dog, and the dog is there to keep the man away from the machines.”

Davidson’s article is one of a number of pieces that have recently appeared making the point that the reason we have such stubbornly high unemployment and declining middle-class incomes today is largely because of the big drop in demand because of the Great Recession, but it is also because of the advances in both globalization and the information technology revolution, which are more rapidly than ever replacing labor with machines or foreign workers.

In the past, workers with average skills, doing an average job, could earn an average lifestyle. But, today, average is officially over. Being average just won’t earn you what it used to. It can’t when so many more employers have so much more access to so much more above average cheap foreign labor, cheap robotics, cheap software, cheap automation and cheap genius. Therefore, everyone needs to find their extra—their unique value contribution that makes them stand out in whatever is their field of employment.

Yes, new technology has been eating jobs forever, and always will. But there’s been an acceleration. As Davidson notes, “In the 10 years ending in 2009, [U.S.] factories shed workers so fast that they erased almost all the gains of the previous 70 years; roughly one out of every three manufacturing jobs—about 6 million in total—disappeared.”

There will always be change—new jobs, new products, new services. But the one thing we know for sure is that with each advance in globalization and the I.T. revolution, the best jobs will require workers to have more and better education to make themselves above average.

In a world where average is officially over, there are many things we need to do to support employment, but nothing would be more important than passing some kind of G. I. Bill for the 21st century that ensures that every American has access to post-high school education.

26

The joke in Paragraph 1 is used to illustrate________.

A

the impact of technological advances

B

the alleviation of job pressure

C

the shrinkage of textile mills

D

the decline of middle-class incomes

27

According to Paragraph 3, to be a successful employee, one has to________.

A

adopt an average lifestyle

B

work on cheap software

C

contribute something unique

D

ask for a moderate salary

28

The quotation in Paragraph 4 explains that________.

A

gains of technology have been erased

B

job opportunities are disappearing at a high speed

C

factories are making much less money than before

D

new jobs and services have been offered

29

According to the author, to reduce unemployment, the most important is________.

A

to accelerate the I.T. revolution

B

to ensure more education for people

C

to advance economic globalization

D

to pass more bills in the 21st century

30

Which of the following would be the most appropriate title for the text?

A

Technology Goes Cheap

B

New Law Takes Effect

C

Recession Is Bad

D

Average Is Over