About This Chapter
U.S. Labor Markets in a Global Setting - Chapter Summary
In this chapter, you can learn about general trends and shifts in U.S. labor markets. Our instructors explain some of the main concepts behind the labor markets, including the history of labor unions, interregional and intraregional shifts in employment, and the significance of unemployment insurance. After completing this chapter, you should be able to:
- Define a labor union
- List employer restrictions and rights for unionizing and collective bargaining
- Describe how minimum wage has affected employment
- Outline the economic goals for the U.S. economy
- Explain the impact of information technology on the economy
- Understand the shifts in labor supply/demand
- Differentiate notions of production, productivity and competitiveness
- Describe general effects of globalization on the U.S. economy
The video lessons in this chapter also include text transcripts, so that you can download them to read them offline or at your own pace. Each lesson includes a quiz that you can take to measure your knowledge. Should you need, you can contact our subject-matter experts at any time.
1. What Is a Labor Union? - Definition & History
Labor unions are important organizations. In this lesson, you will learn what a labor union is and the history of labor unions in the United States. You will have an opportunity to reinforce your knowledge with a short quiz.
2. Employer Restrictions and Rights in Unionizing Process & Collective Bargaining
Employees and employers have rights during unionization attempts and during the collective bargaining process. In this lesson, you'll learn about the rights of employers, as well as the restrictions to which they are subject, during these processes.
3. Minimum Wage and its Effects on Employment
There are times when the labor market is perfectly balanced between what employers are willing to pay and what workers want in a job. In this lesson, find out what happens to the labor market when governments intervene, imposing a minimum wage.
4. Unemployment Insurance: Definition and Significance
While no one wants to think about it, it is likely that most people will face some period of unemployment during their working lives. In this lesson, you'll learn about unemployment compensation and its significance to employers, employees and the economy.
5. Labor in the U.S.: Unions, Labor Markets & Professions
This lesson discusses the differences between the two labor markets in the United States - primary and secondary. It also defines labor unions and the characteristics of a profession.
6. Economic Goals for the US Economy
This lesson will highlight the key economic goals of the United States economy, including examples to help you remember these different values. You'll also consider some of the challenges of balancing these goals.
7. Information Technology: Impact on the Economy
8. Interregional & Intraregional Shifts in Employment
Moving is part of all of our lives. Sometimes it is we who move; sometimes it is someone we know. In this lesson we will explore one of the major factors that causes many moves each year: employment. Come along as we learn about the types, causes, and effects.
9. Understanding Shifts in Labor Supply and Labor Demand
Find out what the labor supply is and what causes it to change or shift. Learn about labor demand and what causes firms and markets to increase or decrease their demand for labor.
10. Production, Productivity & Competitiveness
Do you know the difference between production and productivity? In this lesson, we will discuss production, productivity, and competitiveness, and the critical variables that enhance productivity.
11. Effect of Globalization on the U.S. Economy
Globalization is a concept that comes with positive and negative views and perspectives. In this lesson we will discuss globalization and some of the effects it has on the U.S. economy.
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Other chapters within the CSET Social Science: Study Guide & Prep course
- About the CSET Social Science Test
- Prehistory & Early Civilizations
- Ancient Near East History
- Early Empires in the Near East & Asia
- Political & Philosophical Thought in Ancient Asia
- History of Ancient Greece & Hellenism
- The Roman Republic Rises
- History of the Fall of Rome
- Understanding the Dark Ages
- Understanding the Early Middle Ages
- Medieval Warm Period Overview
- High Middle Ages Overview
- Late Middle Ages Overview
- The Renaissance Overview
- The Age of Exploration & Discovery
- Overview of the Reformation Across Europe
- The Elizabethan Era Overview
- Overview of Colonialism
- Absolutism & Constitutionalism in Europe
- Shifting Eastern European Power (1648-1740)
- 18th Century Empire & Expansion
- The Age of Enlightenment
- The French Revolution & Napoleon Bonaparte
- Industrialization from 1700-1900
- Global Politics (1760-1848)
- Nationalism in Europe, Africa, Asia & the Americas
- Life & Trends in Europe (1850-1914)
- 19th and 20th Century Imperialism
- The World Post-WWI
- Overview of World War II
- Western Civilization Post-WWII
- Early Civilizations in the Americas & Colonization
- Settling North America & the Colonies
- Understanding the American Revolution
- The Making of a Nation after the American Revolution
- The Virginia Dynasty
- Jacksonian Democracy
- Everyday Life in Antebellum America
- Manifest Destiny & American Expansion
- America's Civil War
- After the Civil War: Reconstruction
- Westward Expansion, Industrialization & Urbanization (1870-1900)
- The Progressive Era of the Early 20th Century
- Overview of American Imperialism & World War I
- 1920s America
- Overview of the Great Depression
- World Events & Politics After World War II (1946-1959)
- Events & Presidents During the Cold War (1950-1973)
- Civil Rights & Other Movements in the US (1954-1973)
- Presidential Domestic Policy 1970-Present
- Overview of California History
- Principles & Concepts of American Democracy
- Fundamental Values & Principles of Civil Society
- Branches of Government in the U.S.
- U.S. Supreme Court Landmark Cases
- The U.S. Election Process
- Levels of Government in the United States
- Media Influence in the U.S.
- Comparing Political Systems
- Tension in U.S. Democracy
- Basic Terms & Concepts in Economics
- American Market Economy
- The Relationship between Politics & Economics
- Aggregate Economic Behavior of the American Economy
- International Trade & the Economy
- Tools & Perspectives of Geographic Study
- Geographic Diversity of Natural Landscapes & Human Societies
- Culture & the Physical Environment
- Environmental Science Basics
- Effects of Humans on the Environment
- CSET Social Science Flashcards