exam 2 Flashcards
chapters 456
deindustrialization
we now have less industry (manufacturing)
globalization
spread of production, communication, investment around the world
offshoring
sending jobs to other countries to save $ at the US company
labor unions
organizations that try to get better working conditions, wages for workers
wealth
$ and economic assets someone owns
income
amount of $ someone recieves/earns
working poor
spend at least 27wks/year working or looking for work but still below poverty line
shift work
non standard work hours (not 8-5)
current us unemployment rate
3.7%
underemployed worker
have part-time job but want full time or have job below their experience/skill level
absolute poverty
not enough $ for basic needs
relative poverty
not enough $ to maintain the average standard of living
poverty line
min income the gov deems is necessary for a basic standard of living
who are disproportionately poor?
a. children
b. women (single moms)
c. racial/ethnic minorities
chronic homelessness
long term, because of disabled condition (mental, physical, alcoholism)
economic homelessness
bc of economic conditions. (recession, layoff) shorter term
2 person single career
spouse works behind the scenes for no pay to help others career
commuter marriage
spouses live apart for work reasons
dual-earner couples
both work outside home
dual-career couples
both are professionals/managers/lots of edu and training