1. Do Now: Why were unions first created?

2.  Basic Goals 

3.  TOOLS 

4.  Structure of Unions  Local  Federation  AFL-CIO  TYPES OF UNIONS  CRAFT  INDUSTRIAL

5.  Legislation  1935 – Social Security Act  1935 – National Labor Relations Act  1938 – Fair Labor Standards Act  1947 – Taft-Hartley Act  1959 – Landrum-Griffin Act

6.  Growth of Unions  1800s  1890 – Sherman Anti-Trust Act  1914 – Clayton Act  1930s - ?  1950s – corruption – Hoffa – Teamsters  Today – 11% of labor force

7.  Professional Organizations  ABA  AMA  NEA

8. Positive Negative

9.  DO NOW:  If a resource is limited relative to demand, how does that impact its value?

10.  Rank the following Occupations according to Income  Rank the following Occupations according to Social Value  U.S. Senator Social Worker  TV star College Professor  Best Selling Novelist Brain Surgeon  Registered Nurse Sanitation Worker  Firefighter Police  Accountant Professional Athlete

11. 1. How are incomes determined in the U.S.? 2. What are the different types of income?  Land - ?  Capital - ?  Entrepreneur - ?  Labor - ?

12. 1. If the supply of land is limited, and is in high demand, what will happen to Rent? 2. If the supply of money is limited, and is in high demand, what will happen to Interest rates? 3. If the skill related to an occupation is rare/limited, and is in high demand, what will happen to the income? 4. If the skill is rare, but is not in high demand, what will happen to income?

13.  What will happen to income of an occupation that doesn’t require a rare skill/ability, but is demanded? Suppose the occupation involves a task many find distasteful?

14.  In your opinion, is using the laws of supply and demand a just way to determine incomes levels?  Do professional athletes and entertainers truly deserve the incomes they receive? Should societal value play a larger role in determining income?

15.  Income Inequality  CEO to average worker salary ratio since 1970s  Gender Pay Gap

17.  Rare Skill plus High Demand equals?  Rare Skill plus Low Demand equals ?  Common Skill plus High Demand equals ?  Common Skill plus Low Demand?