Employment and work futures 2

Continuation of Term 2 vocab, more specified terms

Primary (goods)

Produces raw materials from what nature provides, e.g:

• Farming

• Mining

• Fishing

• Mining

• Forestry

Secondary (goods)

Workers who turn raw materials into finished or semi finished products 

Tertiary (services)

Broader category for services

Quaternary (services)

Services that process information/knowledge 

Quinary (services)

Domestic services

Participation rates

Percentage of people in an activity

Gig economy

Labour market, offering temporary contracts

Employee

Legally binding agreement outlining what is required to provide, employees responsibilities, rules and rights from both sides of agreement 

3 types of employee contracts

• Modern award

• Enterprise agreement

• Common law contract

Modern award

Enterprise agreement

Legal document that outlines minimum wage and working conditions for employees in the same industry. Enforced by Fair Work Ombudsmen (FWO), does not apply to individuals who earn 175,000+ per year