Improv as a Career

Manny’s girlfriend Sherry is staying with the Pritchett’s for a while and she and Manny have taken up improv in the hopes of becoming an improv actor one day. Jay isn’t amused and feels like Manny should focus on trying to get a different job.

 

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Phil Teaches Class

Phil walks in on an Intro to Real Estate course, which is starting the semester off with microeconomic analysis of real estate. Phil isn’t as impressed with the teacher’s style and focusing too much on the boring numbers and not enough on the exciting emotional connections of real estate. Similar to teaching economics as a whole, some instructors get wrapped up in the numbers of the graphs and lose sight of the emotional connections of the theory. For what it’s worth, the instructor isn’t very good at his job given that he has the x-axis labeled on the vertical axis.

The teacher takes this opportunity to give away his class and Phil becomes the newest instructor at the community college.

 

See more: , , student motivation

Claire Wants to Contribute

Claire feels like she is not contributing to the family because she doesn’t have a job. She has applied to 5 jobs recently, but despite her college degree, she is rejected from all of them. Because she has been out of the labor force for so many years, her human capital has depreciated. The second important component of this scene is to consider the non-pecuniary benefits of work. Not all workers are income maximizers as some have other motivations for working in paid employment.

 

See more: , human capital depreciation, , nonpecuniary benefits

Stay-at-Home Mom

It is career day at Luke’s school, and the teacher asks Claire to speak about her job as a stay at home mom. She points out that she actually has a lot of different jobs as a stay-at-home-mom. The household production model assumes that agents decide between working at paid work or working at home and producing things that they could have bought with income. Both yield some level of utility, but some partners will specialize in household production depending on the relative wages of the other partner.

One of the downsides of specializing in household labor is that people lose specific and general human capital associated with market work. While Claire would like to go back to work, it is hard to find a job after you have been out of the labor force for 15 years, mainly because everyone who didn’t drop out would have continued learning new skills. In labor economics, this is known as The Mommy Track.

 

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Cruise Ship Auditions

Haley auditions for work on a cruise ship. She didn’t get the job but why? Is it because she’s not in the right sorority or was it because she wasn’t as skilled as the others auditioning. If she was equally skilled and not selected because of some other characteristics (like not being in a sorority) then she would have been discriminated against.

 

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