1. The Changing Workplace

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

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

4. Impact on Today’s Workers
Creates stiffer competition
More need for variety in skills
More need for transferable skills

5. Fundamental Skills Basic Skills
reading, writing, math, listening, speaking
Thinking Skills
creative thinking, decision making, problem solving, reasoning, etc.
Personal Qualities
responsibility, self-esteem, sociability, integrity, honesty, etc.

6. New Trends in the Workplace
Teams
an organized group that sets goals, makes decisions, and implements actions
Outsourcing
hiring outside companies to produce services or goods
Telecommuting
working from home, using modern technology to communicate.

7. The Job Outlook Service Producing vs. Goods Producing
Service Producing Industries
provide services for a fee
expected to out-perform
medical care, travel agencies, etc.
Goods Producing Industries
provide goods
expected to decline

10. Should you choose a career based solely on this?
NO, but these are important things to keep in mind when choosing your career
Economy
Changing Technology
New Trends
Job Availability

11. Independent Work: Journal Entry #2 Look at your first journal entry
Compare it to your top five career choices
Are they similar or different?
Write an entry about the comparison