Economic Trends and Social Implications

Flashcards focused on key economic and social concepts relevant to the lecture on workforce trends and the impact of policies in the United States.

Affirmative Action

A policy designed to improve opportunities for underrepresented minorities and women in employment and education, originated from executive orders by John F. Kennedy and Lyndon Johnson.

Colorblind Racism

The idea of ignoring race in policy-making, which can reinforce existing social inequalities instead of addressing them.

Deindustrialization

The process of withdrawing investment from industrial sectors, leading to factory closures and job loss, often moving operations to areas with lower labor costs.

Downsizing

A reduction in a company’s workforce as a result of corporate restructuring, often affecting job security and worker benefits.

Obedience

The act of following orders from authorities, especially emphasized during government responses to the COVID-19 pandemic.

Offshoring

The practice of relocating business processes to another country, often to reduce costs and increase efficiency.

Precarious Work

Employment that is uncertain, insecure, and risky, characterized by low pay and lack of benefits.

Sharing Economy

An economic model based on sharing and renting services and goods, often facilitated by online platforms.

World Systems Analysis

A sociological perspective that examines the global economic system and its impact on social relations and inequalities.