Chapter 9 Review

Section 1

100

_________ _______ affect employment rates, outsourcing/offshoring, demographics of the workforce, the level of education of the workforce, Wages/benefits.

What are economic trends

200

People are considered ____________ if they are either temporarily ___________ or if they are not working but are looking for jobs.

What is unemployed?

300

Each month the _______ ______ _________ assembles information on the labor force.

What is the Bureau of Labor Statistics (BLS)?

400

In the past decade, the US has shifted from a manufacturing economy to a _______ __________.

What is a service economy?

500

The number of _______ in the workforce has drastically increased in the last 50 years.

What are women?

Section 2

100

Like other goods, ___________ is a good that can be bought or sold.

What is labor?

200

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.

What is equilibrium wage?

300

_______________________ creates a minimum hourly rate that employers must

pay workers.

What is minimum wage?

400

________ ________ 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?

500

Legislation passed in 1963 that required male and female employees in the same workplace performing the same job to receive the same pay.

What is the Equal Pay Act 1963

Section 3

100

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?

200

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?

300

n 1947, Congress passed ______-__-______ laws,
banning mandatory union membership.

What are Right-to-Work Laws?

400

Many employers did not respond well to
unions and forced workers to sign _______-____ contracts, promising not to join
unions.

What are yellow-dog contracts?

500

^{In __________, a}

^{neutral third party}

^{listens to both}

^{sides and imposes}

^{a decision, which}

^{is legally binding.}

What is arbitration?

Vocab

100

The process in which union and company management meet to negotiate a new labor contract.

What is collective bargaining?

200

An organized work stoppage intended to force an employer to address union demands.

What is a strike?

300

Temporary and part-time jobs are known as _________ __________.

What is Contingent Employment?

400

Workers who are allowed to live and work in the US temporarily.

What are Guest Workers?

500

The theory that education increases efficiency of production and this results in higher wages.

What is the learning effect?

Skill Levels

100

Jobs are often categorized into 4 ________ ________

What are Skill Levels?

200

This requires no specialized skills, education, or training. Workers usually earn an hourly wage.

What is Unskilled Labor?

300

This skill level requires specialized abilities and training to do tasks. They usually receive an hourly wage.

What is Skilled Labor?

400

This skill level requires advanced skills and education. They usually receive a salary

What is Professional Labor?

500

This skill level requires minimal specialized skills and education. Workers of this level usually earn an hourly wage.

What is semi-skilled labor?