1 What are the basic ideas presented in the Ripple Effect video What industries were mentioned as affected both directly and indirectly The basic ideas presented in this video are that one person losing their job has a ripple effect where they don t spend money they used to have at a place such as a restaurant the restaurant employees get less tips the steakhouse the restaurant orders from gets less orders the steakhouse has to lay people off 2 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 Sucking up more than 40 of employees reported increased incivility backstabbing sucking up and politicking Increasingly demanding management 55 reported that management has grown increasingly demanding over this period Employee s perceived financial well being 80 of employees reported being nervous about their long term financial well being 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 Top 7 High forclosure states California Florida Nevada Utah Arizona Illinois Georgia and Georgia Why these states banks cost of living people overdoing their lives States with least amount of foreclosure 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 50 say we will be worse off than parents generation 34 say we will be better off Older people are a lot less excited than younger people about the future 5 Know the specifics of the Flat Paycheck Recovery This is straight from the power point Unemployment figures are creeping down reaching their lowest rates since 2009 Third quarter 2013 GDP figures were revised up to a whopping 4 1 which means job growth will likely continue But the jobs being created aren t like those we ve lost 2 3 of the jobs lost during the recession were middle income jobs and about 50 of those created since have been in low wage sectors like tourism hospitality and retail sales and are temp positions Wage growth has begun to pick up but its far below what economists would expect at this stage of a recovery 6 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 a Doing okay how they are b Got better at what they do so they need less workers c Earnings may sounds good but its relative d Uncertainty government double dip recession e Can I get it cheaper elsewhere by outsourcing i Don t want to go through that again 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 The general theme is that the recession has caused Americans to put a higher focus on home and family rather than the importance of having a job Nearly 40 of workers admitted the job was not as important to them now as it once was and 23 realized they had put it ahead of family and free time Men thought their job was not giving them what they thought it would and left them feeling stressed and like they were going nowhere and 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 major points of this article are that the US economy has nearly recovered but nearly 50 of Americans still think the US is in recession US childrens futures are uncertain as a result of the recession because they now realize the economy is a lot riskier then we thought it is We compare with the those who lived through the great depression because we might now be scared from taking financial risk in the future just like the kids who lived through the depression were 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 The recession has cause American s anxiety to grow because of the subpar growth after the recession ended as compared to bigger rebounds after previous tough economic times Recent increase in economic strength hasn t done much to brighten most Americans outlooks because only 14 of the respondents said that gains in economic strength have affected them a lot 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 information in the article was calculated wrong because it just took the median salary of men and women and didn t take into consideration industry job number of hours per day that they work etc The reasons for women to celebrate are that they are increasingly taking on leadership roles in businesses around the world and technology is increasingly creating more flexible work arrangements and they are excelling academically and the economy places a premium on education 11 Allegedly how does the gender wage gap change over the course of one s career Know the trends The gender gap is not so much at 24 years and younger but gets bigger over time and at 60 years it is significant 12 Understand women s earnings as a percent of men s various characteristics Know the percentages across the various characteristics Financial managers 66 and biological scientists 72 have the biggest gap Pharmacists 95 and registered nurses 96 have the smallest gap 13 What factors have caused the wage gap to widen in the state of Florida What suggestions were given to help reduce pay inequity http articles sun sentinel com 2014 08 31 news fl florida wage gap widens 20140829 1 wage gap central florida working florida The factors that caused the wage gap to widen in the State of Florida is a surge in tourism hospitality jobs that are low paying
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