World Of Work

Question 1

World of Work
Factors shaping U.S.
Labor Markets

Answer 1

• Global Trade
• Technological Developments
• Current Business practices
-

Question 2

World of work
Global Economy
Outsourcing / Offshoring

Answer 2

• 1.2 Billion people live on $1 a day

* 245 million children work (ages 5-I7

Question 3

World of work

Technology

Answer 3

• Estimated 38% of U.S.
workers will be replaced
by robots and A. I.
by 2032

Question 4

World of work

Business Practices

Answer 4

• Outsourcing and Downsizing
• mergers and Acquisitions
• Decline of Big Business and Growth
in small Business

Question 5

World of work
Business practices
Outsourcing and Downsizing

Answer 5

• not always outsourcing entire company
work.
• sometimes outsource specific departments

Question 6

World of work
Business Practices
Mergers and Aquisitions

Answer 6

• bigger market share

* reduce costs and redundancy

Question 7

World of work
Business Practices
Decline of Big Business
and Growth in small Business

Answer 7

• Fewer people employed is less expensive
• Personal decrease
• emphasis on cost

Question 8

World of work

Looking to the Future

Answer 8

• Globalization
• Technology
• Downsizing
• The above makes the world of work
volatile and uncertain.

Question 9

World of Work

Which major industry sectors are growing the fastest?

Answer 9

Health Care and Social Assistance
Professional and Business Services
Leisure and Hospitality

Question 10

World of Work

Which industry is the predicted biggest loser?

Answer 10

Manufacturing

Question 11

World of Work

Why shouldn’t we put much stock in projections?

Answer 11

Economic Recession
Rates of tech change
Disasters
Alterations in retirement practices

Question 12

World of Work

Employment Outlook

Answer 12

Lifetime employment no longer exists. Can’t get job out of high school and stay until retirement anymore. 
Employment is “at will”
Multiple job changes throughout life
Working beyond retirement 
Fewer/ no benefits or pensions

Question 13

World of Work

Today’s World of Work

Answer 13

Self employed
Employers now customers
Developing and maintaining skills
Lifetime employability
Reputation helps employable 
We have to keep improving and learning and know how to jump back into the work force if something happens.

Question 14

World of Work

Gig Economy

Answer 14

Many workers are now temporary, contingent, contract, casual, freelance, self-employed, external.
People can now take skills from various trainings and use them for finite projects.
20% of employed people do this

Question 15

World of Work

Sources of Occupational Information

Answer 15

Occupational Outlook Handout (OOH)

O*NET online

Question 16

World of Work
Sources of occupational information
Occupational Outlook Handbook
OOH

Answer 16

detailed information about occupations

Growth projections,

Question 17

World of Work
Sources for Occupational Information
O*NET

Answer 17

Get photo on here
knowledge, skills, abilities
RIASEC?
Interests, work activities, work contexts

Question 18

World of Work
Sources of Occupational Information
Job Search

Answer 18

Indeed.com
Michigan.gov/careers
Job-hunt.org
Careeronestop.org
Keyword Skills matches

Question 19

World of Work
Sources of Occupational Information
Hidden Job Markets

Answer 19

Apply to jobs even if they don’t exist.
Research employers in keyword on
Careeronestop
Ancinet.org

Question 20

World of Work
Sources of Occupational Information
College Search

Answer 20

The College Board

Narrows searches for college

Question 21

World of Work
Sources for Occupational Information
Free Test Prep Websites

Answer 21

4Tests
Test Prep Review
Never take tests without practice

Question 22

World of Work
Sources of Occupational Information
Other ways of gathering information

Answer 22

Informational Interviews with someone in the field.
Job shadowing
Volunteering at volunteer match.org