What do you think you’ll do after high school?

Go to work?
Pursue a career?
Further their education to prepare for the career?
Go to college?

What do you already know about the labor market ?


Learning objectives

  • Analyze graphs and charts related to education and employment
  • understand the relationship between human capital, career and income
  • think about your own personal plan

OUTLINE

1/ WHAT is called workforce?

2/ HOW did the qualifications of workforce evolve?

3/ WHAT are the relationship between human capital, income and employment?

4/ Why is there unemployment in France? How do the UK and the USA cope with unemployment?


1/ WHAT is called workforce or labor force?

Definitions

Labor force is the amount of physical, mental and social effort used to produce goods and services in an economy. It is one of the four factors of production that drive supply. The other three are natural resources or the raw materials, capital or the amount of money in the society, and entrepreneurship or the drive to profit from innovation. In a market economy, these components of supply are provided to meet demand from consumers.

Inactive population: A person is economically inactive, according to the International Labour Organisation definition, if he or she is not part of the labour force. So inactive people are neither employed nor unemployed. The inactive population can include pre-school children, school children, students, pensioners and housewives or -men, for example, provided that they are not working at all and not available or looking for work either; some of these may be of working-age.

Work: a job, an activity, done to earn money.

Employment: The Labour Force Survey (LFS) defines an employed person as anyone aged 16, or over, who has completed at least one hour of work in the period being measured, or are temporarily away from his or her job, such as being on holiday. The number of people in employment is not the same as the number of jobs given that some people have more than one job.

Unemployment rate:  it is the share of the labor force that is jobless, expressed as a percentage

Unemployed people: people who are willing and available to work, and who have actively sought work within the past four weeks. Those with temporary, part-time or full-time jobs are considered employed, as are those who perform at least 15 hours of unpaid family work.

How might laws reduce or increase the labor force?

https://www.youthrules.gov/index.htm
https://www.youthrules.gov/index.htm

How did the unemployment rate evolve in the USA since 2007? Can you spot the difference with the unemployment in France?


2/ HOW did the qualifications of workforce evolve?


3/ WHAT are the relationship between human capital, income and employment?

Employment rates of college graduates (US, 2016)

Employment rates of 20- to 24-year-olds, by sex and educational attainment: 2016 - source: https://nces.ed.gov/fastfacts/display.asp?id=561
Employment rates of 20- to 24-year-olds, by sex and educational attainment: 2016 - source: https://nces.ed.gov/fastfacts/display.asp?id=561

4/ Why is there unemployment in France? How do the UK and the USA cope with unemployment?

 

Here are some students' ideas about that issue :

T"here are not enough jobs.

... Because of 

Automation 

Delocalisations

            For primary sources are less expensive abroad"

 

"Jobless may refuse jobs 

... For they compare the cost of opportunity of a job, comparing its advantage (eran a wage) to its drawbacks (losing the subsididies, paying transports...). "

 

"Lack of qualification

The workers' skills are insufficient.

They don't match the companies' needs."

 

"Companies go bankrupt (close)

So they lay off workers (employees)"

 

What about your own ideas?!

Your task

Prepare your role for a TV debate, whose issue is the unemployment:

  1. Why does unemployment still exist in France (and not in the UK and in the USA)?
  2. What solution could be explored to reduce the number of unemployed people?
  3. What negative effects could this solution imply?

Advice

Make AEI  [Assert / Explain / Illustrate] at each step of your task (1,2,3)

 

Deliverable:

  • Write a speech from those ideas
  • Send it by mail to guruneslycee@gmail.com (precise your mail's subject : Your Name / your Class / my speech about unemployment) - deadline : Monday 16 April