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Bell Ringer. 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?
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Bell Ringer • 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?
Chapter 9 Labor Market Trends Section 3
Objectives • Compare and Contrast occupational trends in manufacturing and service jobs in the United States • Summarize trends in the makeup of the U.S. Labor Force • Identify and Analyze trends in the wages and benefits paid to U.S. workers.
Vocabulary • Theories • Learning Effect –education increases productivity and results in higher wages • Screening Effect –completion of college indicates that a job applicant is intelligent and hard-working • Contingent Employment – a temporary or part-time job
Service Industry • Banking, insurance, investment • Web-design, on-line marketing, advertising, research • Health care, consultation • Manufacturing jobs sent overseas • Un-skilled workers forced to go to school or enter job training programs
The Changing U.S. Worker 1950s Today • White Males • High School • 40hr/wk • 20 years • Human Capital • Educ., Training, Exp. • Women in the Work Force • Temporary Workers
Trends of Wages and Benefits • With greater competition from foreign companies the demand for low-skilled workers has decreased • Earnings for non-college graduates has greatly decreased over 20 years • Benefits such as health insurance and pensions have increased costs for businesses which decrease profits • Contingent Employment • Move jobs overseas
Temporary Employment • Easier to hire or layoff workers when business is up or down • Easier to discharge temporary workers • Paid less and fewer benefits • Some workers prefer this type of employment
Current Events • Diigo Accounts • Make a comment on my post • Find your own current event article to share • Highlight the page using all 4 high lighters • Make at least one sticky note • Make a comment on a classmates post
Test • Online test with 18 questions • Open Notes • 3 essays • Closed Notes
Essays • 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
Homework • Bring in items
Essays • Why have unions declined in the private sector? • What factors have contributed to the earning gap between men and women? • Why are companies relying on contingent employment?