Ch. 9 vocab Flashcards
(20 cards)
settlement technique in which a third party reviews the case and imposes a decision that is legally binding for both sides
arbritration
someone who works in an industrial job, often in manufacturing, and who receives wages
blue collar worker
the process in which union and company representatives meet to negotiate a new labor contract
collective bargaining
a temporary or part time job
contingent employee
demand that is determined by demand for another good or service
derived demand
the wage rate that produces neither an excess supply of workers nor an excess demand for workers in the labor market
equilibrium wage
the practice of negotiating labor contracts that keep unnecessary workers on a company’s payroll
feather-bedding
an unofficial, invisible barrier that prevents women and minorities from advancing in business dominated by white men
glass ceiling
all nonmilitary people who are employed or unemployed
labor force
an organization of workers that tries to improve working conditions, wages, and benefits for its members
labor union
the theory that education increases productivity and results in higher wages
learning effect
a settlement technique in which a neutral mediator meets with each side to try to find a solution that both sides will accept
mediation
value of output
productivity
labor that requires advanced skills and education
professional labor
a measure that bans mandatory union membership
right to work
the theory that the completion of college indicates to employers that a job application is intelligent and hard working
screening effect
labor that requires specialized training and skills
skilled labor
an organized work stoppage intended to force an employer to address union demands
strike
labor that requires no specialized skills, education, or training
unskilled labor
someone in a professional or clerical job who usually earns a salary
white collar worker
