Business and labor are interdependent. Laborers rely on the job opportunities provided by the growth of businesses, as well as the consumer goods and services that such companies provide. Business growth depends on a diverse, skilled labor force. Since business and labor are interdependent, a change in one will impact the other. Laborers need to be aware of changing business trends to prepare for labor force changes, and businesses must study ways to attract and retain skilled workers.
In this portfolio activity, you will examine current trends that impact business and labor practices. The portfolio is broken into four parts. Each part corresponds to a section of Unit 3 as well as a current events article.
Part 1: Complete the Wall Street Journal Classroom Edition: Chapter 8 Article “Business Organizations.” Answer questions 1–3. (2 points per question)
Part 2: Complete the Wall Street Journal Classroom Edition: Chapter 9 Article “Labor.” Answer questions 1–3. (2 points per question)
Part 3: Complete Debating Current Issues with the Wall Street Journal Classroom Edition: Unit 3 Debate: Minimum Wage. Answer Questions for Discussion 1–3
(1 points per question) and the Debate Activity Worksheet (7 points).
Part 4: Write a persuasive answer to the question: Should the minimum wage be raised? Support your answers with details from the Wall Street Journal Articles, and Chapters 9 and 10 of Economics: Principles in Action, or any other activity from Unit 3. You should have at least three supporting details for your argument.