Bell Ringer #6 – 3/12/091.Who is part of the United

States “labor force”?2.Give 3 examples of Americans

who are not in the labor force.3.What is a civilian?

Franchise• When one company agrees – for a fee –

to let another person set up an enterprise that uses the original company’s name to sell goods and services

• Parent company (original) is franchisor• Person owning franchise is franchisee• Hotels, restaurants, real estate agencies,

Burger King, gas stations, etc.

Working Conditions• Workplaces follow laws

that regulate safety, noise levels, cleanliness, etc.

• High-risk occupations (skyscraper construction, fire fighting) often earn higher wages than jobs with low risks to “life and limb”

Intrinsic Rewards• Intr. Rew. – non-monetary reasons for

working at a particular job• Include worker’s pride, satisfaction in quality

of work done, prestige, goodwill• Ex: teachers, social workers, preachers,

artists

Change in U.S. Labor• Labor-intensive –an agricultural

economy that produces goods primarily through animals & human power (what U.S. was)

• Industrialization – process of mechanizing all major forms of production, occurred during early 1800s

• Capital-intensive – economy depending on machines to produce goods (what U.S. has become due to industrialization)

Homework

• Read Ch 8, Sns. 1,2,3 (pgs 169-190)• Complete Ch 8 Review, “Identifying

Ideas” and “Understanding Main Ideas” on page 192 (due Thursday)

• Calculate purchase of stocks.