Chapter 9 - Labor And Wages Flashcards
Is an arrangement under which union membership is optional.
Modified union shop
Is a government program that attempts to overcome unfair hiring practices
Set Aside Contract
Is the measure of price that has adjusted for inflation
Real or Constant dollars
Is temporary government takeover by a company.
Seizure
Usually require collective bargaining over issues.
Labor-managements relations
Only hires union members. It became illegal under the top-Hartley Act 1947
Closed Shop
Employers resented the strikes so they sometimes called for a what? This is the refusal to let employers work.
Lockout
brought misery to millions, but changed attitudes toward the labor movement. There were renewed efforts to organize workers.
Great Depression
led to the Labor-management act of 1947 allowed states to pass right-to-work laws. Workers could not be forced to join a union.
Growing anti-union feelings
required workers to join the union. A modified union-shop doesn’t require.
union shop
determination states that the supply and demand for a worker’s skills and services determinating the wage or salary.
Market Theory of Wage
is an agreement between union and management to have a 3rd party collect facts and make recommandations.
Fact-finding
is a court order instructing one side to act or not act.
injunction
is negotiation between union and management representative.
Collective Bargaining
states the employers are willing to pay more to people with certificates, degrees, and other indicators that “signal” superior knowledge or ability.
Signaling Theory
