Labor Force
What is a wage?
Money earned for work, usually paid hourly.
What is a labor union?
A group that represents workers.
What is globalization?
The growing connection of countries through trade, business, and culture.
Capital of the United States
Washington DC
What is the difference between blue-collar and white-collar jobs?
Blue-collar = manual/physical labor;
white-collar = office/professional work.
What is collective bargaining?
Workers negotiating as a group with employers.
What is outsourcing?
Companies sending jobs to other countries to reduce costs.
Who was the first United States President?
George Washington
Give one example each of a blue-collar and a white-collar job.
Blue-collar: electrician, mechanic.
White-collar: accountant, teacher.
What is one reason workers might go on strike?
Better pay, safer conditions, benefits, or fair hours.
Give one reason a company might outsource production.
Lower wages, cheaper materials, specialized factories, fewer regulations.
How many days are in a year?
365
What is the Labor force?
All people working or actively looking for work.
Why might a company resist unionization?
It can increase labor costs
its more expensive!
What is comparative advantage?
When a country can produce something more efficiently or cheaply than others.
What's a shape that has five sides?
Pentagon
Name two factors that influence why some jobs pay more than others.
Skill, education, demand, unions, risk, experience.
Give an example of a famous strike and the issue workers protested.
Answers will vary
why does a product made in the USA cost more that a product made in another country?
labor costs, technology of production.
Which is the only state in America made up entirely of islands?
Hawaii