1. Sociology Now 1 st Edition (Brief) Kimmel/Aronson *This multimedia product and its contents are protected under copyright law. The following are prohibited by law: any public performances or display, including transmission of any image over a network; preparation of any derivative work, including the extraction, in whole or in part, of any images; any rental, lease, or lending of the program. Economy and Work 12 c h a p t e r

2. Copyright © Allyn & Bacon 2009 A job provides both identity and financial support, and the degree to which it provides each is a key to an understanding of the economy as a major institution of reproducing social inequality.

3. Copyright © Allyn & Bacon 2009 Theories of the Economy –economy  capital –Locke and Hobbes resources are limited people must compete with one another –Marx –Weber –Durkheim

4. Copyright © Allyn & Bacon 2009 Economic Development –hunters and gatherers The Agricultural Economy –beginnings of division of labor –markets The Industrial Economy –Industrial Revolution –Industrial economies Power Centralization Specialization Wage labor Separation of work and home

5. Copyright © Allyn & Bacon 2009 Economic Development Consumption and the Modern Economy –production –consumption –conspicuous consumption (Veblen) –three F’s – farming, fishing and forestry comprise1% of today’s workforce The Postindustrial Economy –2007 – “services” as biggest source of employment –postindustrial economies

6. Copyright © Allyn & Bacon 2009 Economic Development

7. Copyright © Allyn & Bacon 2009 Economic Development –Knowledge Work knowledge economy –Rootlessness –Globalization global economies outsourcing

8. Copyright © Allyn & Bacon 2009 Economic Development

9. Copyright © Allyn & Bacon 2009 Economic Systems –economic system production distribution consumption Capitalism Private ownership Open market Profit –Laissez-Faire Capitalism –State Capitalism –Welfare Capitalism

10. Copyright © Allyn & Bacon 2009 Economic Systems Socialism –Marx – bourgeoisie and proletariat –opposite of laissez-faire capitalism Collective ownership Collective goals Central Planning –Democratic Socialism Communism –collective ownership  w/o political apparatus –after years of socialism (Marx)

11. Copyright © Allyn & Bacon 2009 The American Economy The Impact of Industrialization –Consolidation Minimum wage Social Security Regulation of stock market (SEC) Insurance of bank deposits (FDIC)

12. Copyright © Allyn & Bacon 2009 The American Economy The Postindustrial Economy: Technology and Globalization Corporations –Family Corporations –Managerial Corporations –Institutional Corporations Multinational Corporations

13. Copyright © Allyn & Bacon 2009 Work, Identity, and Inequality

14. Copyright © Allyn & Bacon 2009 Work, Identity, and Inequality How We Work –The Hawthorne Effect –Theory X and Theory Y –Manufacturing Consent Piece-rate pay system Internal labor market Collective bargaining

15. Copyright © Allyn & Bacon 2009 Work, Identity, and Inequality Types of Jobs –White-Collar Jobs Theoretical knowledge Self-regulating practices Authority over clients Community orientation –Blue-Collar Jobs –Pink-Collar Jobs –Service Work

16. Copyright © Allyn & Bacon 2009 Work, Identity, and Inequality Alternatives to Wage Labor –Working off the Books informal economy –“underground economy” –“gray market” –Unpaid Work –Self-Employment –Part-Time Work –Contingent and “On Call” Work

17. Copyright © Allyn & Bacon 2009 Work, Identity, and Inequality

18. Copyright © Allyn & Bacon 2009 Work, Identity, and Inequality

19. Copyright © Allyn & Bacon 2009 Work, Identity, and Inequality Unemployment –Seasonal unemployment –Cyclical unemployment –Structural unemployment unemployment compensation welfare

20. Copyright © Allyn & Bacon 2009 Diversity in the Workplace Racial Diversity Gender Diversity –pay gap –Work-Family Dynamics Sexual Diversity Working Parents Work and Economy in the 21 st Century

21. Copyright © Allyn & Bacon 2009 Diversity in the Workplace

22. Copyright © Allyn & Bacon 2009 Diversity in the Workplace

23. Copyright © Allyn & Bacon 2009 Diversity in the Workplace