1. As a worker, what are your roles and responsibilities?
Punctuality
Dependability
Great customer service
Meet and exceed boss expectations
Able to work with a team
Problem solving skills
Creative Thinking skills
Strong ethics/morals
Articulate
Honest

2. What is comparable worth?
A theory that women should be paid the same as men in the same job.

3. Often enter the workforce for extra money or saving for college.
With divorce rates high and increased cost of living, women often have to enter the workforce.
Often enter the workforce for extra money or saving for college.
More minorities are attending college and getting advanced degrees, and competing in the workforce.
With increased volatility around the world and globalization, more immigrants are coming to the U.S. and competing for jobs.
With cost of living going up and social security not keeping pace, many elderly have to entered the workforce. They often are hired before teenagers because of their dependability.

4. How do businesses hire workers? What are their criteria?
Punctuality
Dependability
Great customer service
Meet and exceed boss expectations
Able to work with a team
Problem solving skills
Creative thinking skills
Strong ethics/morals
Articulate
Honest

6. Policies that take factors including "race, color, religion, gender, sexual orientation, or national origin" into consideration in order to benefit an underrepresented group "in areas of employment, education, and business”
Because minorities and women were not given the same pay, benefits, or opportunities as males.

8. Policies that take factors including "race, color, religion, gender, sexual orientation, or national origin" into consideration in order to benefit an underrepresented group "in areas of employment, education, and business
Because minorities and women were not given the same pay, benefits, or opportunities as males.
There are issues of reverse-discrimination where more qualified people are being overlooked for jobs because of quotas. Minorities and women do not care for it because it looks as if they received their job due to a quota rather than them being qualified.

9. form of periodic payment from an employer to an employee, which may be specified in an employment contract
form of payment from an employer to an employee, which is paid on an hourly basis at a predetermined rate

10. WAGES: payments workers receive in return for work
The price for labor is dictated by the laws of supply and demand.

11. Demand for Labor- (employer’s point of view)
A producer’s demand for labor is a derived demand (demand for a product or resource because of its contribution to the final product) and is dependent partly on price; as price goes down, demand goes up; price for labor is often connected to productivity, the more productive the worker, the more they get paid

12. Supply of Labor- (worker’s point of view)
Depending on the skill and experience of a worker, there is a certain expectation of wages. If a cook has 7 years experience cooking, they may expect to make $10-12/hr; whereas someone who is new to cooking will only get paid minimum wage ($7.25)
Therefore, if a new restaurant were to open and they are interested in attracting cooks with experience, they would have to pay in the $10-12 range.

14. How do the following affect wages:
Human Capital – the knowledge and skills that enable workers to be productive. (skilled vs. unskilled labor)
Working conditions – some jobs are dangerous or unpleasant and often will have higher pay; some jobs with lower pay might offer “perks”
Discrimination – often times women make less pay doing the same job as a man. An employer might not hire a woman at a man’s wage.
Government actions – minimum wage because the equilibrium wage for some jobs might be so low that no one would be able to live off the wage

15. What is a living wage?

16. Is minimum wage a living wage?
Let’s do the math looking at a family of four (15% tax bracket):
Minimum wage: $7.25/hr
Total hours worked: 40
Gross pay: $290/wk
Approximate taxes, social security, etc. out: $80 (est.)
Take home pay: $210 x 2= $420/wk
$1680/month
BILLS
AMOUNT
RENT
$500
ELECTRIC
$50
GAS
$80
TRANSPORTATION
$200
DAYCARE
$1000
TOTAL MONTHLY BILLS: $1830 (No food, clothing, etc.)
IS IT ENOUGH?

17. So, can a family of four live on minimum wage?
Current U.S. poverty line: $22,350.
Is minimum wage a living wage?

18. PUBLIC SECTOR-
sometimes referred to as the state sector or the government sector, is a part of the state that deals with the production, ownership, sale, provision, delivery and allocation of goods and services by and for the government or its citizens.
PRIVATE SECTOR-
part of the economy, sometimes referred to as the citizen sector, which is run by private individuals or groups, usually as a means of enterprise for profit, and is not controlled by the state

20. Public vs. Private Sector work
PUBLIC SECTOR
PRIVATE SECTOR
Wages tend to be lower
Jobs tend to be more secure due to union involvement (not all are union jobs)
Often not rewarded or promoted due to productivity
Have benefits packages (401K, sick days, vacation time, health insurance) which vary from job to job
Paid with taxpayer dollars
Wages are typically higher
Jobs can be less secure
Promoted and rewarded for productivity
Benefits packages (401K, sick days, vacation time, health insurance) which vary from job to job
Paid with business revenue

21. GLOBALIZATION AND JOBS

22. What two qualifications must a person have to considered unemployed
What two qualifications must a person have to considered unemployed? (16+ years old)?
NOT WORKING, BUT ARE ABLE TO WORK
HAVE LOOKED FOR WORK SOMETIME IN THE PREVIOUS FOUR WEEKS

23. Are people who work part – time considered employed? ________________
Are people who have given up looking for work considered unemployed? ______________ NO
Are people who work part – time considered employed? ________________ NO
FORMULA: Unemployment Rate = number unemployed
U.S. labor force
*To be included in the labor force you must be considered employed or unemployed!*

24. What is the approximate number of people in the U. S. labor force
*Considering our population is well over 250 million people, they make a lot of them disappear!*
154 MILLION (2012)

25. UNEMPLOYMENT RATE: 8.3% (September 3, 2012) 25%
The percentage of the labor force that is jobless and actively looking for work
The US Bureau of Labor Statistics surveys 60,000 households each month to determine this number.
Our current unemployment rate:
8.3% (September 3, 2012)
Highest unemployment rate during the Great Depression:
25%

26. TYPES OF UNEMPLOYMENT
frictionally unemployed-
THE TEMPORARY UNEMPLOYMENT OF WORKERS
MOVING FROM ONE JOB TO ANOTHER
structurally unemployed-
UNEMPLOYMENT THAT EXISTS WHEN THE AVAILABLE
JOBS DO NOT MATCH THE SKILLS OF AVAILABLE
WORKERS
cyclical unemployment-
UNEMPLOYMENT CAUSED BY THE PART OF THE
BUSINESS CYCLE WITH DECREASED ECONOMIC
ACTIVITY
seasonal unemployment-
UNEMPLOYMENT LINKED TO SEASONAL WORK

27. FULL EMPLOYMENT: No unemployment due to decreased economic activity UNDEREMPLOYED: People employed part-time who want to work full-time, or those who work at a job below their skill level

28. WHAT IS HAPPENING TO AMERICAN JOBS DUE TO GLOBALIZATION?

29. OUTSOURCING:
The practice of contracting with an outside company, often in a foreign country, to provide goods or services
There are many reasons this is done:
Many other countries have much cheaper labor available.
If corporations want to expand into other markets, sometimes it helps to do business in those markets.
You can cut down on shipping costs if you have a business located where the goods are going to be sold.
Currently, there is almost no penalty on businesses that do this.

30. There is also INSOURCING where businesses from overseas open operations in the U.S. for the same reasons as outsourcing.

31. But for the most part, the US is outsourcing which leaves us with…
UNEMPLOYMENT

32. Official number reported 8.3%
Government Unemployment Report Number
Who’s Counted
Percent/Rate Reported for June 2009
Anything Else Interesting? U3
Official number reported
8.3% U4
U3 populations
PLUS: People who have stopped looking for work/discouraged workers
10% U5
U3 & U4 populations
PLUS: People who say they would take a job, but haven’t looked in a month (Marginally –attached workers)
10.8% U6
U3, U4, & U5 populations
PLUS: People who are working part-time but are looking for full-time work/Part-timers
16.5%

33. Which U number(s) include Ebony Allen
Which U number(s) include Ebony Allen? Which population of "unemployed" people does she belong to?
Ebony Allen is counted in the U3 report only. She belongs to the population actively seeking work, but she's been unemployed for two years.
2. How many households were surveyed by the Labor Department to create the June 2009 unemployment reports?
Sixty thousand households were surveyed.

34. the employment of children at regular and sustained labor
term for any working environment considered to be unacceptably difficult or dangerous. Sweatshop workers often work long hours for very low pay, regardless of laws mandating overtime pay or a minimum wage
the act of using another person's labor without offering them an adequate compensation
the employment of children at regular and sustained labor