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20 Cards in this Set
- Front
- Back
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all nonmilitary people who are employed or unemployed
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labor force
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the theory that education increases productivity and results in higher wages
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learning effect
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the theory that the completion of college indicates to employers that a ob applicant is intelligent and hard working
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screening effect
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a temporary or part-time job
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contingent employment
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value of output
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productivity
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the wage rate that produces neither an excess supply of workers nor an excess demand for workers in the labor market
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equilibrium wage
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labor that requires no specialized skills, education, or training
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unskilled labor
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labor that requires minimal specialized skills and education
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semi-skilled labor
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labor that requires specialized skills and training
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skilled labor
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labor that requires advanced skills and education
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professional labor
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an unofficial, invisible barrier that prevents women and minorities from advancing in businesses dominated by white men
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glass ceiling
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an organization of workers that tries to improve working conditions, wages, and benefits for its members
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labor union
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the practice of negotiating labor contracts that keep unnecessary workers on a company's payrole
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featherbedding
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an organized work stoppage intended to force an employer to address union demands
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strike
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a measure that bans mandatory union membership
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right-to-work law
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someone who works in an industrial job, often in manufacturing, and who recieves wages
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blue-collar worker
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someone in a professional or clerical job who usually earns a salary
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white-color worker
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the process in which union and company representatives meet to negotiate a new labor contract
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collective bargaining
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a settlement technique in which a neutral mediator meets with each side to try to find a solution that both sieds will accept
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mediation
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a settlement technique in shich a third party reviews the case and imposes a decision that is legally binding for both sides
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arbitration
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