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Bell Ringer #6 – 3/12/09

Bell Ringer #6 – 3/12/09. Who is part of the United States “labor force”? Give 3 examples of Americans who are not in the labor force. What is a civilian?. Franchise.

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Bell Ringer #6 – 3/12/09

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  1. Bell Ringer #6 – 3/12/09 • Who is part of the United States “labor force”? • Give 3 examples of Americans who are not in the labor force. • What is a civilian?

  2. Franchise • When one company agrees – for a fee – to let another person set up an enterprise that uses the original company’s name to sell goods and services • Parent company (original) is franchisor • Person owning franchise is franchisee • Hotels, restaurants, real estate agencies, Burger King, gas stations, etc.

  3. Working Conditions • Workplaces follow laws that regulate safety, noise levels, cleanliness, etc. • High-risk occupations (skyscraper construction, fire fighting) often earn higher wages than jobs with low risks to “life and limb”

  4. Intrinsic Rewards • Intr. Rew. – non-monetary reasons for working at a particular job • Include worker’s pride, satisfaction in quality of work done, prestige, goodwill • Ex: teachers, social workers, preachers, artists

  5. Change in U.S. Labor • Labor-intensive –an agricultural economy that produces goods primarily through animals & human power (what U.S. was) • Industrialization – process of mechanizing all major forms of production, occurred during early 1800s • Capital-intensive – economy depending on machines to produce goods (what U.S. has become due to industrialization)

  6. Homework • Read Ch 8, Sns. 1,2,3 (pgs 169-190) • Complete Ch 8 Review, “Identifying Ideas” and “Understanding Main Ideas” on page 192 (due Thursday) • Calculate purchase of stocks.

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