Social Problems. Work and Unemployment. Overview. Modern economy originates with the information revolution and post-industrial economy - a productive system based on service work and information technology - began in 1950s Character of work changed: From tangible products to ideas
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Work and Unemployment
Modern economy originates with the information revolution andpost-industrial economy
- a productive system based on service work and information technology
- began in 1950s
Character of work changed:
Welfare capitalism combines a mostly market-based economy with extensive social welfare programs
Communism: a hypothetical economic and political system in which members are socially equal
The global economy expands economic activity that crosses national borders
How computers change the workplace:
In 2008, 18.2 million people in the labour force but by Feb. 2009, down to 16.9%
Self-employment: earning a living without working for a large organization.
Underemployment uses less than one’s full talents or abilities
Economic activity involving income or the exchange of goods and services that is not reported to the government as required by law, e.g., baby-sitting, garage sales, and illegal activity
Unemployed increases with “downsizing” esp. during a recession