Section 1
_________ _______ affect employment rates, outsourcing/offshoring, demographics of the workforce, the level of education of the workforce, Wages/benefits.
What are economic trends
Like other goods, ___________ is a good that can be bought or sold.
What is labor?
Labor unions arose largely in response to
changes in working conditions brought about
by the _________ __________ in the early to
mid-1800s.
What is the industrial revolution?
The process in which union and company management meet to negotiate a new labor contract.
What is collective bargaining?
Jobs are often categorized into 4 ________ ________
What are Skill Levels?
People are considered ____________ if they are either temporarily ___________ or if they are not working but are looking for jobs.
What is unemployed?
The __________________ is the wage rate, or price of labor or services, that is
set when the supply of workers meets the demand for workers in the labor
market.
A union gains the right to represent
workers at a company when a ________ of
workers in a particular work unit vote to
accept the union.
What is a majority?
An organized work stoppage intended to force an employer to address union demands.
What is a strike?
This requires no specialized skills, education, or training. Workers usually earn an hourly wage.
What is Unskilled Labor?
Each month the _______ ______ _________ assembles information on the labor force.
What is the Bureau of Labor Statistics (BLS)?
_______________________ creates a minimum hourly rate that employers must
pay workers.
What is minimum wage?
n 1947, Congress passed ______-__-______ laws,
banning mandatory union membership.
What are Right-to-Work Laws?
Temporary and part-time jobs are known as _________ __________.
What is Contingent Employment?
What is Skilled Labor?
In the past decade, the US has shifted from a manufacturing economy to a _______ __________.
What is a service economy?
________ ________ can affect wages by persuading employers to increase their
pay. Unions are a much disputed aspect of the labor force in today’s
world.
What are Labor Unions?
Many employers did not respond well to
unions and forced workers to sign _______-____ contracts, promising not to join
unions.
What are yellow-dog contracts?
Workers who are allowed to live and work in the US temporarily.
What are Guest Workers?
This skill level requires advanced skills and education. They usually receive a salary
What is Professional Labor?
The number of _______ in the workforce has drastically increased in the last 50 years.
What are women?
What is the Equal Pay Act 1963
In __________, a
neutral third party
listens to both
sides and imposes
a decision, which
is legally binding.
What is arbitration?
The theory that education increases efficiency of production and this results in higher wages.
What is the learning effect?
This skill level requires minimal specialized skills and education. Workers of this level usually earn an hourly wage.
What is semi-skilled labor?