Sociology 2140 Lecture Notes - Lecture 16: World Economy, Walmart, Underemployment

• School: Western University
• Department: Sociology
• Course: Sociology 2140
• Professor: Gale Cassidy

Document Summary

Changes in the sectors change the types of jobs that are available. Secondary we used to be a manufacturing economy. Taking raw materials and turning them into manufactured goods. These would be the types of jobs where you would get one out of school and stay there until you retire and get a pension. More flexible, and less likely to work there your whole career. The global economy expands economic activity that crosses national borders. We have a global division of labour. Co(cid:374)(cid:272)er(cid:374)s a(cid:271)out (cid:449)orkers" rights a(cid:374)d opportu(cid:374)ities. (cid:894)produ(cid:272)ts (cid:271)ei(cid:374)g produ(cid:272)ed i(cid:374) s(cid:449)eat shops, with poor conditions etc. ) People dying in these places to make the products because they have poor working standards. Small number of businesses control a vast share of market (like coca-cola, wal mart etc. ) Decline in goods producing sector of the economy since wwii. Increase in service producing sector of the economy.