1. Ch. 8.4 Notes: Work Trends

2. A. Hot….Medical,Tech,Financial Services, Education, Technical Jobs
I. Career Trends….
A. Hot….Medical,Tech,Financial Services,
Education, Technical Jobs

3. Women earn a lower salary than men
II. The Wage Gap =
Women earn a lower salary
than men
78 cents: The amount that the average, full-time working woman makes for every $1 a man makes over a year.
$434,000: The median amount that a full-time female worker loses in wages over a 40-year period as a direct result of the gender pay gap, also known as the “career wage gap.”

4. A. Discrimination
B. Later start in working
C. Men enter higher paying fields
Ex. Sciences, business, technology)

5. III. Unions are in Decline
A. Efforts by business to keep them out
B. Women and young workers have
less interest in unions
C. companies send union
jobs to other countries

6. A. Created to provide security for those who lack skills
FEDERAL MINIMUM WAGE HISTORY
IV. The Minimum Wage
A. Created to provide security
for those who lack skills
B. Fed Law says must
be > 7.25 hr or higher
Effective Date
Hourly Wage
10/24/1938
$0.25
10/24/1939
$0.30
10/24/1945
$0.40
01/25/1950
$0.75
03/01/1956
$1.00
09/03/1961
$1.15
09/03/1963
$1.25
02/01/1967
$1.40
02/01/1968
$1.60
05/01/1974
$2.00
01/01/1975
$2.10
01/01/1976
$2.30
01/01/1978
$2.65
01/01/1979
$2.90
01/01/1980
$3.10
01/01/1981
$3.35
04/01/1990
$3.80
04/01/1991
$4.25
10/01/1996
$4.75
09/01/1997
$5.15
07/24/2007
$5.85
07/24/2008
$6.55
07/24/2009
$7.25
2014 Highest Min Wage
1. WA = 9.32
2. OR = 9.10
3. VT = 8.73
4. CT = 8.70
8. CA = $8
* CA $9 mid $10 Jan 2015 *

8. V. Part-time workers are increasing A. Earn less B. No health benefits
VI. Hard to find work
Percent of people working or looking for a job
UNEMPLOYMENT RATE

9. VII. Later Retirement
A. Not enough savings
B. Social Sec pushed back to 67 yrs
>>>The Table of Contents to life…..
I. carefree = 5 years
II. schooling = 18 years
III. full time work = 44 years
IV. old and retired = 10 years
V. Die