Lesson 4.3 The Effects of Job Location February 28, 2011Copyright © … REMTECH, inc … All Rights Reserved1 Introduction You must decide where you will live and work. Economic conditions vary from state-to-state, even city-to-city! Only considering how much you will be paid can be dangerous! You might want to ask yourself the following questions Why does the pay for the same job vary from location to location What has Cost-of-Living to do with how much you are paid How does Job Supply and Demand affect how much you will be paid

Lesson 4.3 The Effects of Job Location February 28, 2011Copyright © … REMTECH, inc … All Rights Reserved2 Objectives Define the terms associated with selecting a job location You should be able to do the following after completing this lesson Review how COL and JSD can affect a job location Describe how JSD can and will vary over time Summarize how technology and automation can be both good and bad Identify how you should go about selecting the best job location Explain what Cost-of-Living (COL) is and why it is important Discuss how Job Supply and Demand (JSD) functions

Lesson 4.3 The Effects of Job Location February 28, 2011Copyright © … REMTECH, inc … All Rights Reserved – Cost-of-Living Why the Cost-of-Living is important to both employees and employers In this section, you will learn: What potential savings are and how they are created What should be your primary goal when selecting a job location How it is possible to be paid more and be worse off financially Cost-of-Living Example You will run the following Interactive Example

Lesson 4.3 The Effects of Job Location February 28, 2011Copyright © … REMTECH, inc … All Rights Reserved – Job Supply and Demand What Job Supply and Demand is and how it works In this section, you will learn: When Job Supply and Demand is advantageous to employers Job Demand Example You will run the following Interactive Example When Job Supply and Demand is advantageous to employees What Job Availability is and how it is calculated How Job Availability affects how much you will be paid

Lesson 4.3 The Effects of Job Location February 28, 2011Copyright © … REMTECH, inc … All Rights Reserved – Supply and Demand Variation Why Job Supply and Demand is considered to be dynamic In this section, you will learn: What causes Job Supply and Demand to vary How Job Supply and Demand can be short or long-term Why the short-term and long-term variation in Job Supply and Demand is important to you

Lesson 4.3 The Effects of Job Location February 28, 2011Copyright © … REMTECH, inc … All Rights Reserved – Technology’s Affect on Job Supply and Demand How technology and automation affects Job Supply and Demand In this section, you will learn: What the decline in many jobs is attributed to How does technology affects the creation of new jobs Which jobs are declining What type of jobs will technology create in the future How technology can be both your best friend and worst enemy

Lesson 4.3 The Effects of Job Location February 28, 2011Copyright © … REMTECH, inc … All Rights Reserved – Selecting the Right Job Location What defines the right job location In this section, you will learn: How can the right job location help you reach your career goals What does potential savings have to do with the right job location Job Location Comparison Exercise You will run the following Interactive Exercise How will the wrong job location affect you financially

Lesson 4.3 The Effects of Job Location February 28, 2011Copyright © … REMTECH, inc … All Rights Reserved8 Discussion Questions Everyday you hear how the salaries in the South are significantly lower than salaries on the East and West Coast of the US. How do the salaries really compare when you factor in the cost-of-living and intangibles such as the time and cost of driving to work? In which part of the US (West, East, North or South) do you think you will find the most job locations that are financially beneficial to workers?