3 sectors of the economy

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3 Sectors of the Economy Primary Sector: - Natural resource extraction Secondary Sector: - Turning natural resources into manufactured goods Tertiary Sector: - Goods delivery and services <<75% of Canadians now work in this sector!

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3 Sectors of the Economy. Primary Sector: - Natural resource extraction. Secondary Sector: - Turning natural resources into manufactured goods. Tertiary Sector: - Goods delivery and services.

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Page 1: 3 Sectors of the Economy

3 Sectors of the Economy

Primary Sector:

- Natural resource extraction

Secondary Sector:

- Turning natural resources into manufactured goods

Tertiary Sector:

- Goods delivery and services

<<75% of Canadians now work in this sector!

Page 2: 3 Sectors of the Economy

Industries in Niagara: Decline

Individual industries that have shown a trend toward decreased employment are:

• Agriculture

• Public Administration

Page 3: 3 Sectors of the Economy

Industries in Niagara: Holding Pattern

Individual industries that have shown neither an increase nor decrease in workforce numbers include:

• Goods Producing

• Construction

• Finance / Insurance / Real Estate

Page 4: 3 Sectors of the Economy

Source: Niagara Training & Adjustment Board Environmental Scan 2001 - 02

Employment in Niagara has been steadily recovering since hitting a recent low in 1993.

Individual industries that have shown a trend toward increased employment are:

Service Producing

Transportation /Warehousing

Professional/Scientific/Tech. Services

Management /AdministrationEducation

Health Care / Social Assistance

Accommodation / Food Services

Information / Culture / Recreation

Industries in Niagara: Upswing

Wholesale / Retail

Page 5: 3 Sectors of the Economy

Technology“It is becoming ever more doubtful that technology will create as

many jobs as it takes away.” – The Human Way

Technological changes are effecting the world of work in many ways, both good and bad:

Fewer and fewer jobs that require physical exertion.

‘Telecommuting’, i.e. working from home but being connected to the office by way of the internet, fax, etc.

Computer literacy is a must!

Talk of raising the maximum work hours from 48 hours/week to 60 hours/week.

Flexible work hours (I.e. not necessarily 9 to 5!)

Page 6: 3 Sectors of the Economy

Education

With an increase in the importance of technology, education will continue to increase in importance.

In the spring of 2001, YLC-CURA asked the following questions to Niagara secondary students about education. The following answers were obtained:

Page 7: 3 Sectors of the Economy

Very Important44%

Important40%

Somewhat Important

13%

Not At All Important

2%Not Sure

1%

How Important are Good Grades to You?

‘Survey Said!’

Source: Niagara Youth Lifestyle Choices – Community University Research Alliance (YLC-CURA), 2001

Page 8: 3 Sectors of the Economy

Finish Undergraduate

17%

Professional Training

32%

Complete College/Apprenticeship

24%

Take Some College,

University…8%

Don't Know13%

Not Finish High School

1%

Finish High School5%

How Far Do You Plan to Go In School?

‘Survey Said!’

Source: Niagara Youth Lifestyle Choices – Community University Research Alliance (YLC-CURA), 2001

Page 9: 3 Sectors of the Economy

Career Paths

There are 4 Types of Career Paths Identified in the text:

The Linear Career Path: The traditional model

Start at a company with an entry level job…

… and work your way up the ladder within the company…

Page 10: 3 Sectors of the Economy

Career Paths II

The Steady State Career Path: One Occupation for Life

Those who follow this career path often speak of following a ‘calling’ or ‘vocation’.

Professionals often fall into this category, e.g. doctors, lawyers, etc.

Page 11: 3 Sectors of the Economy

Career Paths III

Spiral Career Path: moving around in an organization

Those who follow this path tend to be flexible, rapid learners who seek out challenges.

They often will move from one department to another or one organization to another, spiralling ever upward (in terms of pay scale, benefits, etc.) along the way to move

Page 12: 3 Sectors of the Economy

Career Paths IVTransitory Career Path:

This path is found at both ends of the skill spectrum:

Transitory workers are often minimally skilled, e.g.

fast food workers, retail workers.

But they are often highly skilled workers too, such as consultants or ‘freelancers’.

Page 13: 3 Sectors of the Economy

Where do I fit?

Here are some questions asked of Niagara students.

These are questions you might want to ask yourself as well!

Page 14: 3 Sectors of the Economy

Important39%

Somewhat Important

21%

Not At All Important

3%Not Sure

1%

Very Important36%

How Important Is Earning A Lot of Money to you?

‘Survey Said!’:

Source: Niagara Youth Lifestyle Choices – Community University Research Alliance (YLC-CURA), 2001

Page 15: 3 Sectors of the Economy

Very Important30%

Important41%

Somewhat Important

23%

Not At All Important

5%

Not Sure1%

How Important is Having or Getting a Good Job to You?

‘Survey Said!’:

Source: Niagara Youth Lifestyle Choices – Community University Research Alliance (YLC-CURA), 2001

Page 16: 3 Sectors of the Economy

1 to 5 Hours30%

6 to 10 Hours24%

11 to 15 Hours19%

16 to 20 Hours16%

21 and Over11%

If you have a paying job, how many hours do you work per week?

Source: Niagara Youth Lifestyle Choices – Community University Research Alliance (YLC-CURA), 2001

Page 17: 3 Sectors of the Economy

Student Work

21% of Niagara students surveyed reportedthat they work right after school.

58% of Niagara students surveyed said that they presently have a paying job.

40% of Niagara students surveyed reported that work was something they were ‘good at.’

They were also asked the following:Source: Niagara Youth Lifestyle Choices – Community University Research Alliance (YLC-CURA), 2001

Page 18: 3 Sectors of the Economy

Never52%

Once or Twice a Month24%

Once a Week12%

Several Times a Week

9%

Every Day3%

How Often in the Last Month Have You Babysat?

‘Survey Said!’:

Source: Niagara Youth Lifestyle Choices – Community University Research Alliance (YLC-CURA), 2001