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eco ch. 9

Terms

undefined, object
copy deck
unemployment
temporarily w/out work or not working but have looked for a job w/in last 4 wks.
human capital
less education training experience fewer elgible to get the better jobs
outsourcing
factory work being done overseas because costs are less
screening effect
theory that a college degree indicates to employers that the applicant is intelligent and hard working
strikes
stoppage of work intended to force the employer to address union demands
unemployment rates
help indicate the health of the economy
structural
workers skills dont match the jobs available (dangerous)
industrialization
early 1900's economy
supply and demand
determines the size of our paycheck
bureau of labor statistics
each month they survey households to assemble info about the labor force
semi-skilled
minimal skills/ education needed, hrlt pay (lifeguard short order cook some construction)
mediation
neutral 3rd party that hears both sides and give an opinion it is not binding
featherbedding
keeping jobs that were really unessaceary
collective barganing
process by wich the union and company negotiate for a new contract
womens work
teachers nurses clerical work high supply means low wages
unskilled
no skills,no education needed, make hrly wage (janitors dishwashers factory farm wkrs
job discrimination
also based on the assumption that women leave their jobs for child birth
lock-outs
locking out the workers hiring scabs
arbitration
3rd party imposes the dicision and both sides must accept
contingency employment
businesses replacing permanent workers w/temporary workers from temp agencies
cyclical
rises and falls with the business cycles (dangerous)
scabs
ppl willing to work without a contract
service economy
the info age has transformed us into a _____ Economy
glass ceiling
unofficial barrier that women can not "get to the top"
professional
advance skills / education (managers teachers doctors lawyers)
wage discrimination
ppl doing the same job w/the same skills/education get diffrent wages
yellow dog contract
forced workers to sign a contract saying they would not join a union
learning effect
theory that education increases productivity and results in higher wages
picketing
publicizing your cause with signs
blue collar workers
those in industrial type jobs paid hrly
computer
fastest growing jobs
frictional
taking time off to look for a new job (not dangerous)
less demand
there is ___ _____ for unskilled workers in our country
injunctions
court orders to stop an action in this case stop the strike send the wokers back to work
taft harley of 1947
allowed states to pass right to work laws (banned mandatory union membership)
employed
have worked at least 1hr for pay. 15 or more for family business w/out pay. on sick leave vacation ect
agricultural
U.S. began as thisnkind of economy
white collar jobs
professional jobs
samuel gompers
american federation of labor
the age of info
1970's economy
skilled
specialized training hrly usually (mechanics bank teller plumbers firefighters chefs)

Deck Info

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