The Changing Economic Landscape on the Labor Force
The labor force is constantly changing as certain industries thrive, while others fade due to changes in consumer preferences and global competition. The ten fastest growing occupations are in the areas of health care, renewable energy, and transportation.
Careers with flexible working hours (“flextime”) increased in the 1980s and 1990s and have since leveled oft. Today, 3 in 10 full-
Union membership has declined since the 1970s. Recent state laws banning collective bargaining among public workers may further reduce union membership.
Globalization has altered the labor market as companies seek lower wages in other countries. Countries such as Bangladesh and Mexico have seen significant foreign investment.
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