As a worker, what are your roles and responsibilities?

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. 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.

5. 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.

7. 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.

8. 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

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

10. 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

11. 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.

13. 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

14. What is a living wage?

15. 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 TOTAL MONTHLY BILLS: $1830 (No food, clothing, etc.) IS IT ENOUGH?

16. So, can a family of four live on minimum wage? Current U.S. poverty line: $22,350. Is minimum wage a living wage? http://assembly.state.ny.us/Press/20120515/

17. 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

19. Public vs. Private Sector work PUBLIC SECTOR PRIVATE SECTOR 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 • 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

20. GLOBALIZATION AND JOBS

21. 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

22. 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!*

23. 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)

24. UNEMPLOYMENT RATE: 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% http://www.youtube.com/watch?v=vuMiwRDGqCU&feature=related

25. 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

26. FULL EMPLOYMENT:No unemployment due to decreased economic activityUNDEREMPLOYED:People employed part-time who want to work full-time, or those who work at a job below their skill levelhttp://www.pbs.org/newshour/video/module.html?mod=0&pkg=2072009&seg=5

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

28. 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. http://abcnews.go.com/WNT/video/world-news-fact-checks-outsourcing-overseas-jobs-steal-stolen-US-workers-12092146

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

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

32. 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.

33. 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