FCSS*1010 Lecture Notes - Lecture 3: Job Satisfaction, Industrial Revolution, Human Services
Document Summary
Chapter 13: problems in the globalized economy & politics. Post industrial economy: productive system based on service work and high technology, defined by the production of goods; people work with symbols. Industrial revolution required mechanical skills, information revolution requires literacy skills. 1, 0. 1, and 0. 01% have increased wealth/income: average wage of canadians in 2012 was ,634. Corporate welfare: when government helps industries and private corporations in their economic pursuits, ex: in recession, government gave general motors 10. 6 billion in bankruptcy protection, as business tax contributions decline, government has fallen into debts. Unemployment: cyclical: occurs as result of lower rates of production during recessions, seasonal: results from shifts in the demand for workers based on weather or season. Both temporary: structural: arises because skills demanded by employers do not match skills of the unemployed or because unemployed do not live where jobs are located. Occurs when a number of plants in same industry are closed or technology takes jobs.
