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Unit A Vocabulary
Unit A: Why Do I Need A Job?
Term | Definition |
---|---|
LIFESTYLE FACTORS | THINGS ABOUT YOUR JOB THAT AFFECT THE WAY YOU LIVE YOUR LIFE |
TRADE-OFF | A COMPROMISE, OR GIVING UP ONE THING IN ORDER TO GET SOMETHING ELSE |
NEED | SOMETHING YOU CANNOT LIVE WITHOUT |
WANT | SOMETHING YOU DESIRE |
MOTIVATOR | SOMETHING THAT CAN ENCOURAGE YOU TO SET GOALS AND MAKE DECISIONS |
VALUE | A MEASURE OF THE QUALITY OR IMPORTANCE OF SOMETHING |
ECONOMICS | THE STUDY OF THE WAY PEOPLE USE RESOURCES TO ACHIEVE THEIR NEEDS AND WANTS |
LABOR MARKET | ANY SITUATION IN WHICH WORKERS COMPETE FOR JOBS AND EMPLOYERS COMPETE FOR WORKERS |
UNEMPLOYMENT RATE | THE PERCENTAGE OF UNEMPLOYED PEOPLE LOOKING FOR JOBS |
JOB SECURITY | KNOWING THAT YOU WILL ALWAYS HAVE A JOB AND RECEIVE A PAYCHECK |
COST OF LIVING | THE AMOUNT OF MONEY YOU NEED TO SUSTAIN A CERTAIN LIFESTYLE |
BUREAU OF LABOR STATISTICS | FEDERAL GOVERNMENT AGENCY THAT MEASURES LABOR MARKET ACTIVITY, WORKING CONDITIONS, PRICE CHANGES, AND PRODUCTIVITY IN THE U.S. ECONOMY |
INCOME | MONEY RECEIVED FOR WORK OR THROUGH INVESTMENTS |
SALARY | PAYMENT OF AN AGREED ANNUAL (YEARLY) AMOUNT; DEPENDABLE INCOME EACH MONTH. MORE LIKELY TO INCLUDE PAID SICK AND PAID VACATION TIME |
MINIMUM WAGE | THE LOWEST WAGE PERMITTED BY LAW |
WAGE | PAYMENT BASED ON THE NUMBER OF HOURS WORKED; USUALLY DOES NOT INCLUDE PAID VACATION OR PAID SICK DAYS |
LIVING or LIVEABLE WAGE | THE MINIMUM INCOME NECESSARY FOR SOMEONE TO MEET THEIR BASIC NEEDS |
POVERTY WAGE | AN HOURLY WAGE THAT WOULD LEAVE A FULL-TIME WORKER BELOW THE FEDERAL POVERTY GUIDELINE FOR THEIR FAMILY SIZE |