1 What are the basic ideas presented in the Ripple Effect video What industries were mentioned as affected both directly and indirectly http www youtube com watch v UMqyi6s41iE playnext 1 list PLC9904CA0CE2D115C feature results video a People get laid off b They stop taking their families to lunch c Restaurant has less sales d Less tips for bartenders e She doesn t go out and doesn t use pet sitters f Restaurant orders less meat g Butcher has to lay off people h Keeps repeating Understand how the recession has impacted social behavior at work Specifically know the research as related to sucking up increasingly demanding management and employee s perceived financial well being 2 Recession related stress is contributed to workers dissatisfaction frustration w their work feelings of isolation pessimism of the future of their company job anxiety burnout disappointment perceptions that coworkers are overly political self serving people feel they must work harder must do more with less indicated that management cuts them less slack compared to before the recession say job security is lower than before recession say management is stingier than before More and more people are doing what they need to do to stay employed more than 40 of employees reported increased incivility i e backstabbing sucking up and politicking as a means to stay employed in the event of layoff 3 Have an understanding of the Foreclosure States Specially know which states are really bad high foreclosure and which ones are pretty good low foreclosure High foreclosure Nevada Arizona California Utah Florida Georgia Illinois Low foreclosure North Dakota South Dakota Mississippi Maine Delaware 4 Be able to discuss the research related to parents perceptions of their children s future e g Gazing into the Future and The Satisfaction Gap Gazing into the future through a glass one third full 50 say we will be worse off than our parent s generation are there going to be as many opportunities 5 Know the specifics of the Flat Paycheck Recovery Although jobs are being created they are low wage sector jobs that are not of the same quality as themiddle income jobs that were lost during the recession Higher paying jobs are important to increase consumer spending A number of reasons have been given for companies failing to hire more workers even though it may seem that they are in a position to do so What were the factors discussed Know the specifics as outlined 6 1 Seem to be doing okay with what we have No need to add additional personnel 2 Trimmed a lot of fat in the past few years and got better at things Now that we don t have workers we don t need them 3 Earnings may sound good but everything is relative Do we really want to expand 4 Uncertainty with a double dip recession Possibility of re entering a recession 5 Uncertainty regarding the government What will congress do 6 Uncertainty about consumer spending2 Our country relies on consumer spending How will consumers behave 7 Can I get it cheaper elsewhere Should I outsource 8 Don t want to go through that stuff again Don t way to hire and then need to re fire again 9 Fiscal Who Knows Uncertainty stunts growth 7 What was the general theme outlined in the Christian Science Monitor s article on job meaning How did people perceive the importance of work How were male and female participants different Hochwarter described the financial downturn as a wakeup call for many people who thought they were doing what was best for their family but who now question the choices they made Nearly 40 percent of workers admitted the job was not as important to them now as it once was and 23 percent realized they had put it ahead of family and free time More than 70 percent of workers said most days at work it felt like the day would never end Hochwarter and his team research associates Tyler Everett and Stuart Tapley also found the impact of the recession was different on men and women While men thought their job was not giving them what they thought it would and left them feeling stressed and like they were going nowhere women felt their job was taking them further and further away from family 8 Have an understanding of the major points outlined in the attached article Why are U S children s futures uncertain as a result of the recession How do younger people of this generation compare to those who lived through the Great Depression http www businessweek com articles 2014 08 19 the psychological damage of the recession is not going away The future is riskier Earning power is getting less certain More debt and less liquid savings Millennials aren t taking risk and are financially conservative and aren t taking the chances necessary to recover in the great depression kids didn t invest in the stock market but they had pensions to look forward to 9 How has the recession caused American s anxiety to grow Overall how has the recent increase in economic strength affected most people Why http www businessweek com ap 2014 08 28 survey americans pessimism on economy has grown Years of slow subpar growth has created anxiety Consumers struggled with an overhang of mortgage debt and the risk of layoffs for the recovery Economic strength has not brightened most American s outlooks Job security is uncertain and people feel they will have to work into retirement 10 Read the Gender Wage Gap Myth article Describe the way that the information was calculated including any limitations in the way the final results were determined What are the reasons for women to celebrate http www forbes com sites realspin 2012 04 16 its time that we end the equal pay myth print The statistic is flawed because it does not compare men and women in the same occupation type It over simplifies the gender comparison Women tend to seek jobs with regular hours more comfortable conditions little travel and greater fulfillment which can often lead to salary trade offs Men generally work longer day Women are socialized to want to lower paying jobs or jobs that are more attractive Men usually take less attractive jobs for more money long hours over time more labor Women high pay for kid friendly Education plays a key role in pay 11 Allegedly how does the gender wage gap change over the course of one s career Know the trends a Women make 70 75 of what men make b Over the course of the career men and women s relation in pay changes c Not much difference at 24 years old d 60yrs or older major difference e 5 10 at 25 f 30 at 55yrs g 35 at
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