Reich

The world of economy is a very interesting place. There are many different positions that a person can have in a place of work and depending on where they stand in their job how much money they make differs from others. Those who are higher up in a company are always going to make more than those who are lower than them. That is why there are such things as promotions. People are required to work their way up in a company, and when they do they are rewarded. When people get promoted they get certain benefits. One of these benefits is pay. When a person is promoted their pay is increased and this affects the economy. However, certain jobs may pay more just because a person has a college education or a degree of some sort. For example, there is a two year nursing program that can be done at a community college to become a registered nurse. However there is also a four year program that is done at a four year university. A person who has done the four year program can be hired in as a supervisor, simply because they have a four year university degree, as opposed to a two year degree. Because there are so many different jobs, the world of economy is very diverse. There are many people who are “blue collar” workers that do jobs in construction, plumbing, carpentry, and many other jobs that do not require a college education. There is also the medical field, the corporate field, the education field, the arts field, and other fields as well. This is why the economic world is so diverse, because there are so many fields out there.