Ch 9 Flashcards
What’s the invisible barrier that prevents women and minorities to get equal pay
Glass Ceiling
Labor that requires advanced skills and education
Professional Labor
Changes to the labor force and who makes up the labor force
Women
The wage rate that produces neither excess supply nor excess demand
Equilibrium Wage
Theory that completing college and getting your degree means that you are a better worker
Screening Effect
Name for individuals without a job but searching for work
Unemployed
Temporary or part-time jobs are called what
Contingent Labor
One reason why women have received lower pay on average then males
Lower standard for jobs
First requirement to be considered employed
16 yrs old
Why would a business want more temps
No Benefits
All nonmilitary people who are employed or unemployed are considered what
The Labor force
Labor that requires no specialized skills, education, or training
unskilled
Someone who works in an industrial job or a manufacturing job is considered what
blue collar
Another requirement to meet to be employed
Work for at least 1 hr for pay in the last week
The value of what is being produced by a company
Productivity
What are other changes to the market
More Races
Need more human capital
Unequal pay but being equal in every way
discrimination
Someone in a professional job is what kind of worker
White Collar
Process in which labor unions in the company negotiate to make a new contract
Collective Bargaining
Why are US firms moving jobs overseas
Cheaper Labor
One factor that impacts the wages an individual would receive
Minimum Wage
Union Laws
Safety Laws
Why have earnings slowed down in America
More Benefits
One goal of a labor union
higher wage
