Development of ideas by Adam Smith First Published in 2015

 
 

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 IELTS
 JOURNAL
50 
24. Work 
The Benefits of Staying in the Same Job for Life 
Employees have a stable career with one employer 
They have a good pension and health insurance 
Their salaries gradually increase 
They may be promoted within the organization 
They demonstrate loyalty 
Experienced staff can be trusted with more responsibility 
They become part of a team 
There is a clearly-defined path for development 
The Benefits of not Staying in the Same Job 
People often change jobs in order to further their career 
Another company may offer a promotion or a higher salary 
People who change jobs can gain more experience 
They can learn different skills 
Changing jobs is interesting and challenging 
People can retrain in a different occupation 
In a fast-changing world, workers need to be flexible 
People need to develop a wider range of experience and skills 
Self-Employment 
Nowadays, it is easy to set up a company 
The internet provides a global marketplace 
Self-employment offers greater freedom than working for a company 
However, there are risks to starting a new business 
Self-employed people may face financial difficulties 
Many businesses fail to make a profit 
There is less stability in self-employment 
There are no benefits like pensions, sick pay and holiday pay 
Self-employment involves hard work, long hours and total responsibility 
Unemployment 
Unemployment is a big problem for individuals, communities and the society 
Some people are unable to find a job 
They may not have the sufficient level of education or qualifications 
They may find themselves homeless 
Unemployment causes frustration and stress 
Jobless people may become involved in crime as a means to get money 
The unemployed need career advice 

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