Paul Solman looks at the challenges older workers face trying to secure a job, let alone retire, amid the downturn.
OTHER RELATED LESSONS
Income for most people is determined by the market value of the productive resources they sell. What workers earn depends, primarily, on the market value of what they produce and how productive they are.
Grades 6-8, 9-12
This lesson uses the latest employment and unemployment data release by the U.S. Department of Labor, Bureau of Labor Statistics, for the month of October, reported Nov. 7, 2014. The lesson presents the kinds of unemployment and asks students to think about what the optimal level of unemployment ...
This lesson uses the latest employment and unemployment data release by the U.S. Department of Labor, Bureau of Labor Statistics, for the month of September, reported Oct. 3, 2014. The lesson presents the various BLS definitions regarding labor force attachment, as well as discusses the two surve...
One of the most important financial decisions people make is whether to go to college. The price tag of a college education is rising, but so are the benefits. In this lesson, students will begin by learning the relationship between level of education and the average unemployment rate; and level ...
This lesson explores the relationship of unemployment to inflation in the 1960s and after. Students will discover the short-run trade-off between inflation and unemployment when unemployment is less than its natural rate. Students will learn how wage setters formed adaptive expectations about fu...
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