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The Information Revolution The Information Revolution: Chapter 3: Market Integration Chapter 3: Market Integration
The Information Revolution The Information Revolution: Chapter 3: Market Integration Chapter 3: Market Integration
What do jobs in a post-industrial society look like? What do jobs in a post-industrial society look like?
Agricultural jobs, which once were a Agricultural jobs, which once were a
massive part of the Philippine labor force, massive part of the Philippine labor force,
have fallen drastically over the last century. have fallen drastically over the last century.
In other countries such as United States, In other countries such as United States,
manufacturing jobs, which were the manufacturing jobs, which were the
lifeblood of their economy for much of the lifeblood of their economy for much of the
twentieth century, have declined in the last twentieth century, have declined in the last
30 years. 30 years.
The U.S economy began with their many The U.S economy began with their many
workers serving in either the primary or workers serving in either the primary or
secondary economic sector. secondary economic sector.
But today, much of their economy is But today, much of their economy is
centered on the tertiary sector or the centered on the tertiary sector or the
service industry. service industry.
Tertiary sector involves Tertiary sector involves
services rather than goods. It services rather than goods. It
offers services by doing offers services by doing
things rather than making things rather than making
things. things.
Sociologists have a way of distinguishing Sociologists have a way of distinguishing
between types of jobs, which is based more on the between types of jobs, which is based more on the
social status and compensation that come with social status and compensation that come with
them. These are the ; them. These are the ;
1. Primary labor market 3. Primary labor market
2. Secondary labor market 4. Secondary labor market
(e.g., construction workers, factory workers) (e.g., construction workers, factory workers)
What is next for capitalism and socialism? What is next for capitalism and socialism?
• No one knows what the next economic • No one knows what the next economic
revolution; is going to look like. revolution; is going to look like.
• Nowadays, a key part of both our economic • Nowadays, a key part of both our economic
and political landscape is corporations. and political landscape is corporations.
Corporations are defined Corporations are defined
as organizations that exist as organizations that exist
as legal entities and have as legal entities and have
liabilities that are liabilities that are
separated from its separated from its
members. members.
• Nowadays, corporations are operating • Nowadays, corporations are operating
across national boundaries which mean that across national boundaries which mean that
the future of the Philippine economy – and the future of the Philippine economy – and
most countries’ economies--- will play out most countries’ economies--- will play out
on a global scale. on a global scale.