Labor Movement
What is the term?- men and women 16 years old and over who are either working or actively looking for a job
Civilian labor force
What is a lockout?
refusal to let the employees work until management demands were met
What year was the Right to Work Law established?
1947
What is a wage rate?
A standard amount of pay given for work performed.
Define Income taxes
Taxes paid by employees to federal and state government. Collected or withheld from one's paycheck.
What is the term? - an association of skilled workers who perform the same kind of work
Craft/trade union
What is a Company Union?
A union organized, supported, or run by employers
What is the Taft Hartley Act?
It gives employers the right to sue unions for breaking contracts.
What is ---The supply and demand for a worker’s skills and services determine the wage or salary
Traditional Wage Theory
Define Payroll Taxes
Federal and state taxes that all employers must pay, based on a percentage of the employee's salary. They go to such things as Social Security and Medicare/Medicaid.
What is the term? - union suggesting to not utilize a good/service
Boycott
What is the Right to Work Law?
A law making it illegal to force workers to join a union as a condition of employment.
WHat are the 4 types of Resolution to Strikes
Mediation, arbitration, injunction, and seizure
What is bargaining strength is a factor that helps determines wages?
Negotiated Wage Theory
Define Property Tax
Taxes usually assessed as a percentage of the value of items you own (cars, boats, etc.). They can fall under county or state taxes, depending on where you live.
What is the term for refusal to work?
STRIKE
What is The Fair Labor Standards Act (1938)
It fixes a federal minimum wage for many workers and establishes time-and-a-half pay for overtime (over 40 hours per week).
Both seek to use a neutral third party to help settle a dispute BUT in arbitration the decision is FINAL.
What is signaling?
Wage Theory that allows an employer to pay more for people with certificates, diplomas, degrees, and other indicators or “signals” of superior ability.
Define Social Security Tax
A program that provides monthly benefits to almost 60 million Americans, including retirees, military families, surviving families of deceased workers, and disabled individuals.
What is The Norris-LaGuardia Act of 1932?
It prevented federal courts from issuing rulings against unions engaged in peaceful strikes, picketing, or boycotts.
What is The National Labor Relations Act (NLRA), or Wagner Act, of 1935?
It established the right of unions to collective bargaining.
What re the four types of labor?
Unskilled, semiskilled, skilled and professional
What is gridlock?
A work siutation where a union had a bargaining session for wages and no negotiations were being made.
Define Medicare
A government-run insurance program that provides healthcare assistance to elderly Americans.