"In the Confucian mindset(儒家思想), the right thing to do is to share the burden, which is the sense of collective responsibility. While in the West, it's more about individual survival," said Michael Benoliel, associate professor of organizational behavior at Singapore Management University (SMU).
In contrast, local Western companies from General Motors to Goldman Sachs plan to lay off workers by the thousands, but at the Asian units of Western multinationals or western units of Asian groups, job cuts will probably be less severe.
Japan's jobless rate was 4 percent in September, up from 3.8 percent in January, while Hong Kong's was flat at 3.4 percent. But US unemployment is expected to have jumped to 6.3 percent last month from below 5 percent in January.
Experts say that while there are noticeable differences in labor practices in East and West, the gap will narrow as more firms become more multinational and competition forces firms to adopt the best practices of rivals(对手) from abroad.
1. The underlined word "prospect" in the first paragraph most probably means _________.
A. future
B. scene
C. weather
D. place
2. Compared with job cuts, pay cuts can bring the following benefits EXCEPT that _________.
A. it's helpful to the economy recovery
B. it can form a team working harder and more loyally
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