What are some examples of unskilled laborers? (Name at least 2)
Grocery clerks, fast food workers, janitors, maids.
What is featherbedding?
The practice of negotiating labor contracts that keep unnecessary workers on a company’s payroll
What is a wage rate?
A standard amount of pay given for work performed.
What is collective bargaining?
Negotiations that take place between labor and management over issues such a as pay, working hours, health care and other job related matters
What is derived demand
A type of demand that is set by the demand for another good or service.
What are some examples of semi-skilled laborers? (Name at least 2)
Truck drivers, flight attendants, taxi drivers, security guards.
What is the definition of a labor union?
An organization of workers that tries to improve working conditions, wages, and benefits for its members.
How would you explain seniority?
The length of time a person has been on a job
What is it called when the government temporarily takes over negotiations with the union
What is a blue collar worker.
Someone who performs manual labor often in a manufacturing job and who earns an hourly wage
What are some examples of skilled labor? (Name at least 2)
LEO, nurses, electricians, Plummer, financial technicians.
What is a strike?
An organized work stoppage intended to force an employer to address union demands.
What is the market theory of wage determination.
The supply and demand for a workers skills and services determine the wage or salary.
What is a grievance procedure?
A provision for resolving issues that may come up after negotiations.
What is a white collar worker
Someone who works in a professional or clerical job and who usually earns a weekly salary.
What is a professional? (Name 2)
What is the right-to-work law
A measure that bans mandatory union membership
What is the theory of negotiated wages?
The bargaining strength of organized labor is a factor that helps to determine wages.
What is arbitration
Both sides of a dispute place their differences before a third party who’s decision will be final.
What is a court order instructing one side to act or not act
An unofficial barrier that sometimes prevents some women and minority’s from advancing to the top ranks of organizations dominated by white men
What is the Equilibrium wage
The wage rate that is set when the supply of workers meets the demand for workers in the labor market.
What is the signaling theory
Employers are willing to pay more to people with certificates degrees and other indicators that signal superior knowledge or ability.
What is mediation?
Bringing in a neutral third person or persons to help settle a dispute
What employees did Ronald Reagan fire in 1981 and why did he fire them
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