Ch 9 Vocab Flashcards
Industrial Union
labor union whose members perform different kinds of work in the same industry.
Strike
union-organized work stoppage designed to gain concessions from an employer.
boycott
protest in the form of refusal to buy, including attempts to convince others to take their
business elsewhere.
Lockout
management refusal to let employees work until company demands are met.
Great depression
worst period of economic decline in U.S. history, lasting from approximately
1929 to 1939.
Independent Unions
labor union not affiliated with the AFL-CIO or the Change to Win Coalition.
Closed shop
arrangement under which workers must join a union before they are hired; usually
illegal.
Civilian Labor Force
noninstitutionalized part of the population, aged 16 and over, either working
or looking for a job.
Wage Rate
prevailing pay scale for work performed in an occupation in a given area or region.
Market theory of wage determination
explanation stating that the supply and demand for a worker’s skills and services determine the wage or salary.
Seniority
length of time a person has been on a job.
Signaling Theory
theory that employers are willing to pay more for people with certificates,
diplomas, degrees, and other indicators of superior ability.
Collective Bargaining
process of negotiating between union and management representatives
over pay, benefits, and job-related matters.
Mediation
process of resolving a dispute by bringing in a neutral third party to help both sides
reach a compromise.
Face-Finding
agreement between union and management to have a neutral third party collect
facts about a dispute and present nonbinding recommendations.
