inductive reasoning

inductive reasoning

Induction, Deduction, and Your Career

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When you look at the way something has been in the past to draw conclusions about the way something always will be, or always is, you are using inductive reasoning. A standard example of induction would be: All grass examined thus far is green. This...

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Career Advice

Job Market

Why Aren’t There More American Day Laborers, Doctors, Engineers and Textile Workers?

By on Jun 16,2018

In this article Harrison explains the economic rule which says - your rewards will be in direct proportion to the value you provide. In your career if you are not providing enough value, the rule will catch up with you sooner or later. In contrast, if you are providing more value than you receive you will probably have a very good career. Companies that provide more value than they receive for their products generally end up flourishing. Companies that provide very little value generally end up going out of business. The law of economics that is always operating in the background is that you always need to give more than you take and be prepared to give.

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