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