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20 Cards in this Set

  • Front
  • Back

contingent employment

temporary work
labor force
nonmilitary workers over 16 who are employed or unemployed
at what age can you be considered employed or unemployed
16 years old
learning effect
theory that education increases productivity and results in higher wages
screening effect
the completion of college indicates to employers that a job applicant is intelligent and hard-working
Unskilled labor
no specialized skills, education, or training
semi-skilled labor
minimal specialized skills and education
skilled labor
specialized skills and training
professional labor

advanced skills and education

labor union

an organization of workers that tries to improve working conditions, wages, and benefits for its members

glass ceiling

unofficial and invisible barrier in some workplaces, prevents women and minorities from advancing

productivity
level of output produced
collective bargaining

negotiate employment contracts for wayes and benefits, working conditions, and job security

mediation

not binding decision

arbitration
third parys decision is legally binding
blue collar worker
working in an industrial job
white collar worker

worker in a professional job receiving a salary

right-to-work law
measure banning mandatory union membership
featherbedding
negotiating labor contracts that kep unnecessary workers on the company payroll
equilibrium wage

wage rate that producs neither an excess supply of workers nor an excess demand for workers in the labor market