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11 Cards in this Set

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lockout
closed facotry or place of employment caused by a strike; withholding of employment by an employer
Arbitration
hearing and resolution of a disagreement between 2 parties through an impartial third party
Injuction
court order requiring an individual orcompany to do something or to prohibit a given action; used frequently to stop strikes.
blacklists
records kept by companies of employees or former employees who are disapproved of or are to be punished or boycotted
Industrial Union
union that representd every worker in a single industry regardless of his or her job.
Real Wages
income adjusted to compensate for reduced earning power due to inflation
business cycle
sequence of economic activity; usually consistiong of recession, recovery, growth, and decline
company towns
village built and run by a company where workers are required to live
collective bargaining
negotiation between organized workers and management to reach an agreeement on wages, hours, and working conditiond
scrip
money that can be redeemed only at a company store
Real Wages
income adjusted to compensate for reduced earning power due to inflation