LABOR BROCHURE

WHAT TRENDS ARE SHAPING TODAYS LABOR MARKEt

A LARGER, MORE DIVERSE LABOR FORCE

• The US labor force has grew to 34 million
• Key to growth is women are working
• The labor force is 16 and above

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A SHIFT FROM MANUFACTURING TO SERVICE JOBS

• The number of workers involved in the production of factory goods has declined
• The number of workers who provide services has increased
• More goods are made with machines and workers
• As years progress the need for work will decline

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THE GROWING IMPORTaNCE OF KNOWLEDGE

• People who work with info or knowledge
• A subset of workers
• Examples: writers, teachers, lawyers, scientist
• Expected to grow

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INCREASED OUTSOURCING, TEMPING AND TELOCUMITING

• Most people spend more time in the office than home
• Sending work done by company employees to outside contractors
• Temporary workers are employed for short amount of times

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OFFSHORING, INSHORING, AND FOREIGN TRADE

• Globalization - people around the world being more informed
• As it increases so does production
• Offshoring and relocating jobs to other countries
• Inshoring creates more jobs

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