Economic and Employment Issues Source: Odd Stuff Magazine

Should College Athletes Be Allowed to Form and Join Labor Unions? College Athletes Players Association (CAPA) National Collegiate Athletic Association (NCAA) Source: Odd Stuff Magazine

Capitalism (Free Enterprise or Free Market Economic Model) Private Ownership of Companies Pursuit of Profit Competition for Profit Pros: competition benefits consumers, employees, and drives innovation Cons: competition harms consumers, employees, and encourages social inequality

Socialism (Planned Economic Model) Government Controls Economic Industries Profit is Illegal Competition is Illegal Pros: government maintains social equality through its control over economic production Cons: people are subjected to economic regulations

Mixed Economies are the Global Norm Globalization of Capitalism Free Trade Agreements Transnational Corporations Offshoring and Outsourcing Executive Compensation -Data Automation Median Income Consumption and Debt Labor Unions Worker Stress Source: Odd Stuff Magazine

https://www.npr.org/2018/01/22/578825135/rise-of-the-contract-workers-work-is-different-now

Unemployment January 2018 – Bureau of Labor Statistics Total 4.1% Asians 3.0% Whites 3.5% Hispanics 5.0% Blacks 7.7% “I will never complain about my job again” (Odd Stuff Magazine).

Labor Participation – Fortune Magazine January 2018 Year 2001 62.7% 67.3% -Discouraged workers not seeking employment -Opioid crisis -Video gaming among millennial males not interested in employment -Millennials pursuing higher education -Increase in disability rates in poor areas (some blame abuses by unskilled workers)

Consumption and Debt About four out of 10 Americans said they had enough in savings to cover a surprise $500 expense 21% said they would rely on a credit card 20% said they’d cut back on other expenses 11% said they’d turn to family or friends for the money Source: Durden, Zero Hedge, 2017

https://www.bls.gov/news.release/union2.nr0.htm

Paddling Our Way Through the Semester: Health and Illness Issues Up Next https://www.youtube.com/watch?v=CBJ28V4xGG8