The first two major Union Organizations?What are “scabs?”What are “yellow-dog” contracts?What led to the decline of unions?What were the reasons to have unions?What makes a “discouraged worker?”Who wrote the Communist Manifesto?What are some reasons for differences in
wages?
Bell Ringer
Section 3
Chapter 9 Labor Market Trends
1. Compare and Contrast occupational trends in manufacturing and service jobs in the United States
2. Summarize trends in the makeup of the U.S. Labor Force
3. Identify and Analyze trends in the wages and benefits paid to U.S. workers.
Objectives
TheoriesLearning Effect –education increases
productivity and results in higher wagesScreening Effect –completion of college
indicates that a job applicant is intelligent and hard-working
Contingent Employment – a temporary or part-time job
Vocabulary
Banking, insurance, investmentWeb-design, on-line marketing, advertising,
researchHealth care, consultation
Manufacturing jobs sent overseasUn-skilled workers forced to go to school or
enter job training programs
Service Industry
1950sWhite MalesHigh School40hr/wk20 years
Human CapitalEduc., Training,
Exp.Women in the Work
ForceTemporary Workers
The Changing U.S. WorkerToday
With greater competition from foreign companies the demand for low-skilled workers has decreasedEarnings for non-college graduates has greatly
decreased over 20 yearsBenefits such as health insurance and
pensions have increased costs for businesses which decrease profitsContingent EmploymentMove jobs overseas
Trends of Wages and Benefits
1. Easier to hire or layoff workers when business is up or down
2. Easier to discharge temporary workers3. Paid less and fewer benefits4. Some workers prefer this type of
employment
Temporary Employment
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Current Events
Online test with 18 questionsOpen Notes
3 essaysClosed Notes
Test
Why have unions declined in the private sector?Pg. 215
What factors have contributed to the earning gap between men and women?Pg. 226
Why are companies relying on contingent employment?Pg. 233
Essays
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Homework
1. Why have unions declined in the private sector?
2. What factors have contributed to the earning gap between men and women?
3. Why are companies relying on contingent employment?
Essays