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24 Cards in this Set
- Front
- Back
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what are the benefits of rising labor productivity
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1) higher wages 4 workers/ bosses w/o increasing production costs
2) lower prices 3) superior products |
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what makes real labor compensation move ins tep with productivity?
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Market forces, demand and supply, for example, if the demand for workers meets the supply of workers, vice versa
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what is the labor force
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the labor force consists of anyone who is 16 years old and is currently employed or looing for work
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what are the three basic structures of the economy
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1) agriculture
2) manufacturing/construction 3)services |
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what percentage of the US population is based on agriculture and why is this?
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1)The nation's agriculture economy relies on a work force force that consists of less than 3% of the population.
2) This is because the growing producitivity requires fewer workers and is also due to the increase in the demand for non-agricultural farmers |
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what have been major changes to the economy
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1)movement of the economy towards services
2) Increase in female workers 3)small amt of agricultural workers with an increased amt of productivity |
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what is a benefit of rising productivity
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1) the increase in wages means that workers are able work fewer hours and maintain an adequate income
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what is collective bargaining?
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a negotiation between labor union leaders and company managers, it is a nonmarket influence
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What are the various methods that unions utilize to be productive?
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1) restrict the supply of labor thru member requirements/lengthy apprenticeship which will increase the wages of union members.
2)collective bargaining 3)threat of strike |
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who were the Knights of Labor
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It was founded in 1869, they had more than 700,000 members in 1886.By 1917 the Knights of labor desappeared due to violence i.e. Haymarket rebellion
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what is the difference between a craft union and an industrial union
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The craft union is only for skilled workers. The industrial union is for skilled/unskilled workers.
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what new labor organization was formed under Smauel gompers. What did it do
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The AFL, concentrated on better wages, better working conditions, as opposed to political influence
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Who was John L. Lewis
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In 1938 the Unites Mine Workers Union, led by Lewis broke away from the AFL to include unskilled workers.
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what was the Taft-Hartley Act?
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forbade workers from practicing "unfair labor practices"
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what was the Clayton Anti Trust Act?
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it defined a variety of illegal business practices
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what was the Norris-LaGuardia Act of 1932?
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law limited the ability of the courts to issue injunctions in labor disputes. it ended the use of yellow-dog contracts, which was a promise not to join a union
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what was the national labor relations act of 1935
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guaranteed the workers right to collective bargaining. It prohibited employers form practicing unfair labor practices. it created the National Labor Relations Board to carry out the provisions of the act
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what exactly did the Taft-Hartley Act do?
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1)outlawed the closed shop
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what is the closed shop?
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a worker had to be in a union to be hired
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what is the union shop
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allows nonunion workers to be hired on the condition that they join a union
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what is the landrum-Griffin Act or The Labor Management Reporting and Disclosure Act of 1859
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this sought to improve democratic procedures and reduce corruptions within unions. The law required that regularly held scheduled elections be held and that voting be carried out by secret ballot
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what happens when negotiations fail?
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1) conciliation (3rd party will try to bring labor&management together to work out disagreements w/o the 3rd partys help)
2)mediation (greater involvement by the third party will listen to both sides and make suggestions, how the suggestions arent binding) 3)arbibritation(third party will listen and hand down a binding decision) |
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what is flextime
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flexible working hours
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what are peer review panels?
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peer review panels consist of representative managers and employees who listen to worker grievances and rule on them. they are usually found in nonunion companies
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