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. Worker

Today

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

Bring in items

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