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Impact of Economic Change 1973-80
Effects of Inflation
Unemployment & Service Jobs
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Created by
Olivia Buckley
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Cards (14)
Unemployment was 6.5%
December 1974
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Unemployment was
8.9
%
May 1975
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Unemployment
rose throughout the
decade
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Causes of increased
unemployment
Countries
producing
manufactured goods
at
lower prices
and often
superior quality
Increasing mechanisation
of the
American industry-
men were replacing
machines
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These factors combined
decreased employment opportunities
in
occupations
such as
car manufacturing
in
Detroit
and
steel production
in
Pennsylvania
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Service jobs
Constituted 60%
of
employment opportunities
in
1970
but
70%
by
1980
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Many
service jobs
were
low paid
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Federal minimum wage was $
2.10
an
hour
1975
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Federal minimum wage was $
3.35
per
hour
1981
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The
federal minimum wage
failed to keep pace with rising
prices
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38%
of women worked
1960
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43%
of women worked
1970
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52%
of women worked
1980
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Many mothers had to work in order to
maintain
the usual family
income
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