ECON15269G-CO4 Lecture Notes - Lecture 12: Nanny, Skill, Old Age Security
2 Dec 2017
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Okay today we will review chapter 11, then do the last chapter and then have a quiz. S: technology and manufacturing over seas: e) S: living standards and income have gone up so people demand services. Change in consumer demand, what are they demanding now that they weren(cid:495)t demanding before? don(cid:495)t have time to do as much as they have done before. )(cid:495)m not going to wash my car )(cid:495)ll get someone to do it for me. ) don(cid:495)t have time. Are we eating less? for childcare ill just hire a nanny. S: an increase in technology means we have less workers: e) T: why did women come into the workforce. Families needed two incomes to survive but there is another reason. There was a lack of full time jobs and in 2016 there were more people employed part time than full time, as far as new jobs are concerned. T: good, that gives you 65% participation rate.
