1. The World of Labor is changing rapidly!
Global Labor Trends
The World of Labor is changing rapidly!

2. Flexible Labor Markets
Costs
Benefits

3. Buy American? http://www.youtube.com/watch?v=lYyrqSmhals
Please watch this video if you were absent Wed. (AP Calc. Exam)

4. New Labor Trends
Over the past 15 years Labor has significantly changed
United States:
Unions are declining
Less “Job Security”
Declining Manufacturing Jobs
Rising Demand for Educated Workers
↑ Gap between Rich & Poor
Globally:
Globalization: “free trade” with other countries
Collapse of Soviet Union & Communist Economies
China & India emerge as economic powers
European Union forms common currency

5. Jobs that last?
Article Analysis

6. Income Distribution Free markets focus on EFFICIENCY not EQUALITY
United States has enormous wealth but tremendous inequality
record gap between the very rich and the very poor

7. Income Distribution Bottom 20% Top 5% 1968 $7,900 $83,000
$7, $83,000
$7, $130,000
Change:
+ 1.0%
+56.0% D2
The pay gap widens!

8. CEO Pay vs. Average Worker
to 1
to 1
to 1

9. Who is Rich in America: Video Analysis
Survival of
The fittest!
Mr. Rodgers on trial:

10. 2009 College Graduate Job Market

11. Flexible & Changing U.S. Job Market
Who is Rich in America: Video Part II
Survival of
The fittest!
Flexible & Changing U.S. Job Market
Outsourcing via Free Trade
Declining power of Unions
Little “Job Security”
Last 17 min. of video…

12. Van Heusen Shirt Company
3 of 8 Factories close => move to Latin America
What are workers owed by a company?