According to the Economist vol. 410 No. 8878

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According to the Economist vol. 410 No. 8878

Postby Yaziq » Sat 19 Apr 2014 6:20 pm

"What is a foreign language worth? An economist has calculated that the earnings bonus for an American who learns a foreign language is 2%. Over a lifetime, that adds up to a tidy return. But some languages are worth more that others; it is better to study German that Spanish, for example ." I wonder what methods were used in this calculation. Do you think this is realistic?
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Re: According to the Economist vol. 410 No. 8878

Postby gaerteuth » Fri 24 Oct 2014 1:07 pm

It makes sense to me.

Learning Swahili isn't going to get you any money, theres no wealth in Africa and it's a waste trying to do business there.

Learning Japanese, Chinese and German for example would get you a lot of money if you were to travel to those countries, as they have good economies based on innovation, construction, etc.

A businessman who learns Japanese will fare much better off than a businessman who learns Greek.
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