Assignment 3

Assignment 3 - Eric Hammer Eden Username: ehamm05 Due Date:...

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Eric Hammer Eden Username: ehamm05 Due Date: Wednesday, April 27, 2011 Assignment 3 My father is a commodities broker in New York City. He has been doing this for years, for as long as I can remember, and way before I was born (in 1992). It is a really interesting job, especially for anyone who likes money, yelling, economics, etc. If you have ever seen any stock market movies, then you can sort of know what it is like. When the market opens and the bell rings at a certain time, everyone starts yelling and screaming at one person in the middle of a pit; it is pretty intense to watch, and generally overwhelming if you are not used to it. I always loved going to work with my dad when I was a kid to see all of the action, in action. The walls are all big boards with different letters, numbers, codes, prices, dates, clocks, and much more. It certainly seems pretty complicated, but someone who understands it, like my father, has no trouble reading it as if it were a simple book. It is no secret that over the past ten years or so, technology has been advancing every single day. The average person can do things today, electronically especially, that they never thought they would ever be able to do. And they say that the government’s technology is ten years ahead of the rest of their country, so it is hard to imagine what is in store for Americans in the near future. In the business world, technology has been completely taking over control. We have seen iPhones, Smart Boards, video chat conference calls, money wiring, and much more. Because of this very technology, lots of people have lost their jobs. For example, if a team of five workers were in charge of manually filing papers, and then one day an electronic filer was brought into the company workroom, it is safe to say those five people don’t have their jobs
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This note was uploaded on 09/27/2011 for the course ECON 101 taught by Professor Gottlieb during the Spring '08 term at Rutgers.

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Assignment 3 - Eric Hammer Eden Username: ehamm05 Due Date:...

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