Chapter 9 Flashcards
(23 cards)
A labor union whose members perform different kinds of work in the same industry
Industrial Union
A union organized work stoppage designed to gain concessions from an employer
Strike
Protest in a form of refusal to buy, including attempts to convince others to take their business elsewhere.
Boycott
Management refusal to let employees work until company demands are met.
Lockout
Worst period of economic decline in U.S. history
Great Depression
Labor Union not affiliated with the AFL-CIO or the Change to Win Coalition.
Independent Unions
Arrangement under which workers must join a union before they are hired; usually illegal
Closed Shop
Non-institutionalized part of the population, aged 16 and over either working or looking for a job.
Civilian Labor Force
Prevailing pay scale for work performed in an occupation in a given area or region (average)
Wage Rate
Explanation stating that the supply and demand for a worker’s skills and services determine the wage or salary
Market Theory of Wage Determination
Length of time a person has been on a job.
Seniority
Theory that employers are willing to pay more for people with certificates, diplomas, degrees, and other indicators of superior ability
Signaling Theory
Process of negotiation between union and management representatives over pay, benefits, and job related matters
Collective bargaining
Process of resolving a dispute by bringing in neutral third party to help both sides to reach a compromise
Mediation
Agreement between union and management to have a neutral third party collect facts about a dispute and present non-binding recommendations
Face-Finding
Court order issued to prevent a company or union from taking action or not taking action during a labor dispute
Injunction
Wage, fringe benefit, or work rule given up when renegotiating a contract
Giveback
Seemingly invisible barrier hindering advancement of women and minorities in a white male dominated organization.
Glass Ceiling
Guaranteed contract or portion of a contract reserved for a targeted group.
Set-Aside Contract
Dollar amounts or prices that are not adjusted for inflation
Current Dollars
Explain why different people earn different
wages.
One job can demand an easy skill that is high in supply and pay less than jobs that demand high level of skills with low demands (Market Theory of Wage Determination)
Explain why different people earn different
wages.
One job can demand a skill that easy to find and is high in supply and pay less than jobs that demand high level of skills
Advantage and disadvantages of a federal minimum wage.
Advantages:
- Prevents employers from severely underpaying their employees
- Prevents exploitation of workers
Disadvantages:
-minimum wage does not fully cover adequate living expenses
-some businesses that should pay higher than the minimum have the excuse to pay their employees the minimum wage.
