Discuss reasons why changes in economic conditions or the labor market can cause changes in a worker’s income or may cause unemployment.
Examples
Example: Explain how an increase in the demand for mobile applications might affect the wages paid to software developers.Clarifications
Clarification 1: Instruction includes discussing how a recession may impact the unemployment rate.
Clarification 2: Instruction includes how changing and emerging technologies may impact the unemployment rate.
General Information
Subject Area: Social Studies
Grade: 912
Strand: Financial Literacy
Date Adopted or Revised: 05/24
Status: State Board Approved
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Alternate version of this benchmark for students with significant cognitive disabilities.
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