The Changing Workplace

The Global Economy and the Job Market zECONOMY: the ways in which a community produces, distributes, and consumes goods and services. yGoods - items that people buy yServices - activities done for a fee zGLOBAL ECONOMY: the ways in which the world’s economies are linked. zJOB MARKET: the demand for particular jobs.

How does the global economy affect the U.S. job market? zDoes the American export business lead to more U.S. jobs? zDoes the enterprise of foreign trade create more opportunity for American jobs in foreign countries? zDoes trading with foreign countries lead to Americans losing their jobs? zDoes using cheaper, overseas labor keep consumer costs down?

Impact on Today’s Workers zCreates stiffer competition zMore need for variety in skills zMore need for transferable skills

Fundamental Skills zBasic Skills yreading, writing, math, listening, speaking zThinking Skills ycreative thinking, decision making, problem solving, reasoning, etc. zPersonal Qualities yresponsibility, self-esteem, sociability, integrity, honesty, etc.

New Trends in the Workplace zTeams xan organized group that sets goals, makes decisions, and implements actions yOutsourcing xhiring outside companies to produce services or goods yTelecommuting xworking from home, using modern technology to communicate.

The Job Outlook zService Producing vs. Goods Producing yService Producing Industries xprovide services for a fee xexpected to out-perform xmedical care, travel agencies, etc. yGoods Producing Industries xprovide goods xexpected to decline

Should you choose a career based solely on this? zNO, but these are important things to keep in mind when choosing your career yEconomy yChanging Technology yNew Trends yJob Availability

Independent Work: zJournal Entry #2 yLook at your first journal entry yCompare it to your top five career choices yAre they similar or different? yWrite an entry about the comparison