exam 2 Flashcards
chapters 456 (52 cards)
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
gender pay gap
difference in men and womens income. women earn approx 82c/mens dollar
occupational sex segregation
channeling of men and women into different types of jobs
glass ceiling
barriers to upward mobilityg
glass escalator
pressures to move up in career (more men than women)