Economics

Unit 2 | Topic 5.6 | Labor and Wages

Why do some people earn more than others?

Objectives

• Analyze how supply and demand in the labor market affect wage levels.

• Describe how skill levels and education affect wage levels.

• Explain how laws against wage discrimination affect wage levels.

• Identify other factors affecting wage levels, such as minimum wage and workplace safety laws.

Procedure

1. Review the Aim and notes from your initial text read.

2. Participate in the corresponding lesson topic presentation, revising notes.

3. Watch corresponding video(s); further revising notes.

4. Complete teacher instructed assignments.

Extension

• Prepare for your next class session by reading the next topic section in your text, recording alphanumeric/Cornell notes.

• Complete the next topic's Interactive Reading Notepad.