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Ch 64: U.S. Labor Markets in a Global Setting

About This Chapter

This chapter on the labor markets offers lessons and quizzes to help you improve your knowledge of general concepts related to the matter of labor markets in the United States and global settings, including such as labor unions, minimum wage, unemployment insurance or the shifts in economic goals and labor supply and demands in a current global setting.

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.

11 Lessons in Chapter 64: U.S. Labor Markets in a Global Setting
Test your knowledge with a 30-question chapter practice test
What Is a Labor Union? - Definition & History

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.

Employer Restrictions and Rights in Unionizing Process & Collective Bargaining

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.

Minimum Wage and its Effects on Employment

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.

Unemployment Insurance: Definition and Significance

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.

Labor in the U.S.: Unions, Labor Markets & Professions

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.

Economic Goals for the US Economy

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.

Information Technology: Impact on the Economy

7. Information Technology: Impact on the Economy

Information technology has impacted the economy in a number of ways. The most noticeable changes involve e-commerce, marketing tactics, facilitation of globalization, job insecurity, and job design. This lesson will explore a variety of concepts pertaining to the changing economy, including downsizing, outsourcing, the use of cookies, the benefits and costs of globalization, and the impact of e-commerce.

Interregional & Intraregional Shifts in Employment

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.

Understanding Shifts in Labor Supply and Labor Demand

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.

Production, Productivity & Competitiveness

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.

Effect of Globalization on the U.S. Economy

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.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
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Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
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