• CHAPTER 10 TEST will be on Friday
    • Wednesday we will learn about wages and what type of human capital employers look for. Thursday will be the pro and con of labor unions and right to work.
  • Discuss Human Capital & the Labor Market
  • We talked about Chapter 10.2, What Trends Are Shaping Today’s Labor Market?
    • technology as the driving force of change
    • labor force
    • shift to service jobs
    • Bureau of Labor Statistics
    • knowledge workers who apply information and are creative thinkers
    • outsourcing
    • globalization
    • offshoring
  • Firms Go Outside Michigan to fill IT jobs article
    • example of the fact that workers need retraining and don’t have the skills demanded in the economy as well as how wages for IT workers will likely go up due to the shortage.
  • Cannon eyes robot only production for cameras article
    • example of technology changing the workforce
  • Supplier to buy ex Mopar site, add 450 jobs article
    • example of outsourcing
  • Time to work on Chapter 10-2 questions
    • Assignment will be turned in on Wednesday during class.