1. Economics: Ch. 9 Labor
What you need to know…

2. The MAIN Ideas Who is the labor force? 16 years old or more
Non military
Employed
Unemployed

3. The Types of Labor UNSKILLED BLUE COLLAR VS. VS. SEMI-SKILLED
PROFESSIONAL
BLUE COLLAR
VS.
WHITE COLLAR
GREEN COLLAR

4. How are wages determined?
SUPPLY AND DEMAND
LEVEL OF EDUCATION
SOME GENDER OR RACIAL DISCRIMINATION STILL IMPACTS WAGES

5. What are the current trends?
Wages are generally decreasing due to:
High cost of benefits
Global competition
Inflation

6. What role do labor unions play?
COLLECTIVE BARGAINING
RIGHT TO WORK LAWS
DECLINING MEMBERSHIPS

7. WHY ECONOMISTS STUDY THE WORKFORCE…
OUR WORKFORCE DRIVES
OR PRODUCTIVITY: value of output produced, p. 219
AND THUS OUR
SUPPLY AND DEMAND!

8. How Will You Study This? Read Ch. 9 (at home)
Research Current Data (on the internet)
Review with a Guided Reading Activity