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5.13: Education and Employment

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    6996

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    Education & Employment

    The purpose of this activity is to help you explore the relationship between education and income. Income is earned from one's resources. Those resources might be natural resources (oil field, farm land), capital resources (man-made resources that are used in the production of goods and services: computers, factories, sewing machines), entrepreneurship (the ability to organize the other factors to produce goods or services or labor.) Most people earn their income by selling their labor. The section will focus on the following question:

    "Why do some people earn more income from their labor than others?"

    Universal Generalizations

    • Education affects the type of career you will be able to get.
    • Additional education and training can impact the amount of money you will be able to earn.
    • Employers have certain performance expectations related to what their employees can, and should be able to do.
    • Employees can expect benefits to be tied to their careers and performance.

    Guiding Questions

    1. Why should you consider additional education or training after high school?
    2. What other factors should you consider when trying to determine your career path?
    3. How does your career choice affect your income?
    4. How does your education and training affect your salary?
    5. How does your location impact your ability to find a job or the cost of living?
    3553678-1556673995-6904917-42-pencil-clipart-classroom-14.jpgComplete the Learning Extension activity on the EconEdLink website by following your teacher's instructions.

    Activity 1: If You're So Smart, Why Aren't You Rich?

    Visit the lesson titled If You're So Smart, Why Aren't You Rich? on the EconEdLink website. Follow your teacher's instructions for completing this activity.

    Activity 2: The Rich Nations Mystery

    Visit the lesson titled The Rich Nations Mystery on the EconEdLink website. Follow your teacher's instructions for completing this activity.

    Activity 3: Which "Wood" You Choose?

    Visit the lesson titled Which "Wood" You Choose? on the EconEdLink website. Follow your teacher's instructions for completing this activity.

    This page titled 5.13: Education and Employment is shared under a not declared license and was authored, remixed, and/or curated by CK-12 Foundation via source content that was edited to the style and standards of the LibreTexts platform; a detailed edit history is available upon request.