2. All people who are 16 years old and are working or actively looking for work 98% of all people in the US who are working or looking for work

3. Most important factor in choosing an occupation Hourly Monthly Weekly Yearly

4. Supply and Demand affect wages Many workers, few jobs = low wages Few workers, many jobs = high wages

5. Can limit supply of workers

6. Hazardous occupations pay more Skyscraper construction

7. Distant or remote locations make more money

8. Nonmonetary reasons Teacher

9. Consumers demand for good goes up = job pays more

10. Process of mechanizing all major forms of production Great Britain 1700s Industrial Revolution Shift away from agriculture

11. Dependent on machines to make goods

12. Produce goods through animal or human power

13. Industrialization World War I World War II Increased Education

14. Passed Attendance Laws Affirmative Action – eliminate racial and gender bias Quotas - # goal in hiring women and minorities