Economics, U.S. History and the C3 Framework: Why Did the Colonists Fight When They Were Safe, Prosperous and Free?”
Why do people work so hard? Why aren’t you just assigned a job that you are interested in and get paid as much as the next guy? This lesson will show you why employers want the best workers that their money can buy!
Tell the students that teachers tell them to do homework, but ask them why they have to do it now? Ask the students if they are going to spend the rest of their life working? Tell the students that in this lesson they will learn something about education or training that may encourage them to take your school work seriously. Tell the students that they will find out how education and training are related to the amount of money people earn on their jobs.
Tell the students that they probably know that Productive Resources are natural resources, human resources, and capital resources. Explain to the students that all of these combine to help produce the goods and services that we want. Consumers are the buyers of the goods and services and producers are the sellers of those goods and services.
Tell the student that what they may not know is that workers "sell" their labor and employers "buy" that labor. Explain to them that employers are willing to pay higher wages and salaries to employees that are the best workers.
Have the students complete the interactive activity that describes situations in which they assume that they are an employer. In each case they must decide which person they would be willing to pay a higher wage:
Tell the students that teachers, like employers, are paying students different amounts based on how much students produce and the quality of that work. Ask the students the question of how the teachers can pay the students? Explain to them that teachers pay the students by giving them grades. The better the work, the higher the grade. Tell the students that they can invest in their future right now by getting the highest grades that they can.
Explain to the students that now that they know that people earn income by exchanging their human resources for wages, they can find out how they can earn a better income.
Tell the students to look at a job like a meteorologist (reports on weather) and see what one guy has to say about his job.
Have the students go to the USA Today website and look at the article called "Stanley Czyzyk, Hurricane Hunter " and read the last two answers in the interview. The last two questions are: (1) What advice would you give someone who wanted to enter this field? (2) What advice would you give someone who was trying to attain his or her dream job? Then have the students read the information in the blue box and answer these questions:
Now read the last two answers on the next site. Be sure and read the bright pink box, too.
Have the students go to the USA Today website and look at the article called: Yvonne Borree, ballet dancer, New York City Ballet and answer the following questions.
Have the students read one more site. This time have them read just the purple box. Have the students go to the USA Today website and look at the article "Mike Costache, Investment Banker " and answer the following questions. Tell them that they might need to know that $70K means $70,000 and $100K means $100,000.
Tell the students that in this lesson, they have learned that people earn income by exchanging their human resources for wages. They have been shown that people’s wages are higher as their education or training increases because, with more education or training, they are likely to be of greater value to the employer.
Read the article "Career Snapshopts " and answer the following questions.
Grades K-2, 3-5, 6-8, 9-12