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Economic and Employment Issues

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Presentation on theme: "Economic and Employment Issues"— Presentation transcript:

1 Economic and Employment Issues
Source: Odd Stuff Magazine

2 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

3 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

4 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

5 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

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12 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).

13 Labor Participation – Fortune Magazine
January Year 2001 62.7% % -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)

14 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

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17 Paddling Our Way Through the Semester: Health and Illness Issues Up Next


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