Warm Up How has farming output increased with a labor decrease?

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Presentation transcript:

Warm Up How has farming output increased with a labor decrease? What are you doing this weekend? 1.Use of technology

The Labor Force Economics Standard 12.14.2 Learning Goal: I will learn about the different types of labor by categorizing labor.

I. Definition People who are 16 or older who are either working or looking for work Does not include military jobs

II. Trends More diversity (age, ethnicity, gender) Shift from producing goods (ex., factories & farming) to service industries (ex., transportation, finance, restaurants…)

Diverse Labor Force

Elderly Worker

Service Industries

III. Occupations (Jobs) White collar: professional jobs – growing and represent ½ of workforce (ex. managers, nurses, lawyers, bankers…) Blue-collar: manual labor jobs - decreasing (ex. assembly line factory work)

Business Suit

Blue Collar

General Motors Plant

Factory Work

IV. Technological Revolution Automation: machines replace people Computers: create entirely new jobs

Automation

Computer

V. Why Do Some Jobs Pay More? Supply of labor vs. demand for labor Supply linked to education/skills Demand linked to consumer demand Labor Unions Government Legislation (ex. minimum wage)

Heart Surgeon

Janitor

Teamsters

Minimum Wage