the total number of workers, including both the employed and the unemployed

A decision by a corporation to turn over much of the responsibility for production to independent suppliers.

The practice of exporting U.S. jobs to lower paid employees in other nations.

the theory that education increases productivity and results in higher wages

the theory that the completion of college indicates to employers that a job applicant is intelligent and hard working

Workers who migrate to the more developed countries of Northern and Western Europe, usually from Southern of Eastern Europe or from North Africa, in search of higher-paying jobs.

-wage data/average income
-unemployment figures explanation

Give two examples of employment data that the Bureau of Labor Statistics provides information about.

The primary reasons that companies turn to offshoringare to find highly skilled employees not available locally and to save costs on software development.

Explain why companies engage in offshoring

Learning effect is the theory that education increases productivity and results in higher wages while screening effect is the theory that suggests that completion of college indicates to employers that a job applicant is intelligent and hard-working.

Describe how the screening effect is beneficial to employers

Study with Quizlet and memorize flashcards containing terms like labor force, Outsourcing, Offshoring and more.

5.5 Flashcards

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