CHAPTER 3: MARKET INTEGRATION
TOPIC: THE INFORMATION REVOLUTION
DISCUSSANT: JAYZEL G. LLANTOS
Information Revolution
 Invention of Agriculture
 Invention of Printing Press
 Industrial Revolution
 Discovery of Electricity
 Technology reduces the role of human labor
 Computers and other technologies are
beginning to replace many jobs because of
automation or outsourcing jobs offshore.
 We also see the decline in the union
membership.
Post-industrial society
 Is a stage in a society’s development during
which the economy transitions from one that
primarily provides goods to one that primarily
provides services.
 Information, services and advance technology
are more important in post-industrial
societies than manufacturing tangible goods.
What do jobs in a post-industrial society look like?
 Agricultural jobs, which once were a
massive part of the Philippine labor force,
have fallen drastically over the last century.
 In other countries such as United States,
manufacturing jobs, which were the
lifeblood of their economy for much of the
twentieth century, have declined in the last
30 years.
 The U.S economy began with their many
workers serving in either the primary or
secondary economic sector.
 But today, much of their economy is
centered on the tertiary sector or the
service industry.
 Tertiary sector involves
services rather than goods. It
offers services by doing
things rather than making
things.
Sociologists have a way of distinguishing
between types of jobs, which is based more on the
CHAPTER 3: MARKET INTEGRATION
TOPIC: THE INFORMATION REVOLUTION
DISCUSSANT: JAYZEL G. LLANTOS
Information Revolution
 Invention of Agriculture
 Invention of Printing Press
 Industrial Revolution
 Discovery of Electricity
 Technology reduces the role of human labor
 Computers and other technologies are
beginning to replace many jobs because of
automation or outsourcing jobs offshore.
 We also see the decline in the union
membership.
Post-industrial society
 Is a stage in a society’s development during
which the economy transitions from one that
primarily provides goods to one that primarily
provides services.
 Information, services and advance technology
are more important in post-industrial
societies than manufacturing tangible goods.
What do jobs in a post-industrial society look like?
 Agricultural jobs, which once were a
massive part of the Philippine labor force,
have fallen drastically over the last century.
 In other countries such as United States,
manufacturing jobs, which were the
lifeblood of their economy for much of the
twentieth century, have declined in the last
30 years.
 The U.S economy began with their many
workers serving in either the primary or
secondary economic sector.
 But today, much of their economy is
centered on the tertiary sector or the
service industry.
 Tertiary sector involves
services rather than goods. It
offers services by doing
things rather than making
things.
Sociologists have a way of distinguishing
between types of jobs, which is based more on the
social status and compensation that come with
them. These are the ;
1. Primary labor market
2. Secondary labor market
Primary Labor Market
• Provide many benefits to workers like;
 High incomes
 Job security
 Health insurance
 Retirement packages
• White-collar professions
(e.g., Doctors, Accountants, Engineers, Nurses,
Lawyer)
Secondary Labor Market
• Provide fewer benefits and include lower-
skilled and lower-level service sector jobs.
• They tent to pay less, have more
unpredictable schedules, and typically do
not offer benefits like health insurance.
• They also tend to have less job security.
(e.g., construction workers, factory workers)
What is next for capitalism and socialism?
• No one knows what the next economic
revolution; is going to look like.
• Nowadays, a key part of both our economic
and political landscape is corporations.
 Corporations are defined
as organizations that exist
as legal entities and have
liabilities that are
separated from its
members.
• Nowadays, corporations are operating
across national boundaries which mean that
the future of the Philippine economy – and
most countries’ economies--- will play out
on a global scale.
social status and compensation that come with
them. These are the ;
3. Primary labor market
4. Secondary labor market
Primary Labor Market
• Provide many benefits to workers like;
 High incomes
 Job security
 Health insurance
 Retirement packages
• White-collar professions
(e.g., Doctors, Accountants, Engineers, Nurses,
Lawyer)
Secondary Labor Market
• Provide fewer benefits and include lower-
skilled and lower-level service sector jobs.
• They tent to pay less, have more
unpredictable schedules, and typically do
not offer benefits like health insurance.
• They also tend to have less job security.
(e.g., construction workers, factory workers)
What is next for capitalism and socialism?
• No one knows what the next economic
revolution; is going to look like.
• Nowadays, a key part of both our economic
and political landscape is corporations.
 Corporations are defined
as organizations that exist
as legal entities and have
liabilities that are
separated from its
members.
• Nowadays, corporations are operating
across national boundaries which mean that
the future of the Philippine economy – and
most countries’ economies--- will play out
on a global scale.