All people who are 16 years old and are working or actively looking for work 98% of all people in the US who are working or looking for work

Most important factor in choosing an occupation Hourly Monthly Weekly Yearly

Supply and Demand affect wages Many workers, few jobs = low wages Few workers, many jobs = high wages

Can limit supply of workers

Hazardous occupations pay more Skyscraper construction

Distant or remote locations make more money

Nonmonetary reasons Teacher

Consumers demand for good goes up = job pays more

Process of mechanizing all major forms of production Great Britain 1700s Industrial Revolution Shift away from agriculture

Dependent on machines to make goods

Produce goods through animal or human power

Industrialization World War I World War II Increased Education

Passed Attendance Laws Affirmative Action – eliminate racial and gender bias Quotas - # goal in hiring women and minorities