Transcript Employment Trends (B)

Employment Trends (B)
4.03- Explain employment
trends in terms of changing
societal needs and economic
conditions.
Free Enterprise System
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An economic system that allows for
the privilege of individual ownership of
property and the means of production.
The key ingredient is the right of
individuals to make their own choices
in the purchase of goods, the selling of
their products and their labor, and their
participation in business structure.
Contributions of People
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Strong Economy
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Produce labor
Spend money
Weak Economy
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Cut back on spending
Lay offs/business closures
Contributions of Industry
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Strong Economy
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Produces goods
Pays wages
Weak Economy
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Cuts production
Increases prices
Economic Cycles
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Inflation
Recession
Depression
Recovery
Employment, Economic, and Societal trends in
relation to Geographic mobility
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Impact of world events on economy
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Economy/competition
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Strong economy-people move in to find
employment
Weak economy-people move out to find
employment
Governmental action
Outsourcing of Labor
Job Growth/transfer
Transportation/commuting
Benefits and disadvantages of
relocating
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a. Benefits
1). Can help sustain economic growth
2.) Can match people successfully to available jobs based
on qualifications
3.) Lowers unemployment rate
4.) Allows an individual to move up socially
5.) Can access personal enrichment resources/experiences
6.) Company relocation benefits provided
b. Disadvantages
1.) Impact of social mobility on child and elder care
2.) Cost of moving
3.) Dual income families – both spouses finding employment
4.) Selling home
5.) Losing social support network
Exemplify reasons why changes may
require upgrading of employee’s skills.
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1. Employment change
a. Types
1). Voluntary
2). Involuntary
b. Reasons
1). Keep up with changing technology
2.) Job promotion/transfer
3). Job outlook
4). Job loss
5). Career change
6). Changing job description/job duties
Exemplify reasons why changes may
require upgrading of employee’s skills.
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2. Implications for career planning
a. SCANS Competencies/Transferable Skills
b. Lifelong Learning
c. Analysis of case study work histories