SOCL 3505 Lecture Notes - Lecture 8: Underemployment, Regressive Tax, Procyclical And Countercyclical
Document Summary
Micro vs. macro explanations: micro-level explanations focus on characteristics of individuals, families, and households, macro-level explanations focus on characteristics of social and economic structure. Some explanations not purely micro or macro-- poverty is a multi- level phenomenon. Increasing transnational ows of people, goods, service, capital and culture: having profound impact on work and culture around the globe, both positive and negative--> creates opportunities as well as dislocations. Economic opportunity structure facing american workers is rapidly changing: characterized by 2 trends, deindustrialization, rise in contingent employment relations. Shift from goods-producing to service-based economy: job losses in manufacturing due to increased automation and lower wage rates in less developed countries. Service sector includes wide-range of jobs that vary greatly in quality. The contingent work force: rise in outsourcing, subcontracting, and temporary work contracts, increases exibility for employers and workers, contingent workers tend to earn less and lack fringe bene ts, most contingent works indicate they would rather be regular employees.