Chapter 9 Vocabulary Flashcards
labor union whose members perform different kinds of work in the same industry.
Industrial Union
union-organized work stoppage designed to gain concessions from an employer.
Strike
protest in the form of refusal to buy, including attempts to convince others to take their
business elsewhere.
Boycott
management refusal to let employees work until company demands are met.
Lockout
worst period of economic decline in U.S. history, lasting from approximately
1929 to 1939.
Great Depression
labor union not affiliated with the AFL-CIO or the Change to Win Coalition.
Independent Unions
arrangement under which workers must join a union before they are hired; usually
illegal.
Closed Shop
noninstitutionalized part of the population, aged 16 and over, either working
or looking for a job.
Civilian Labor Force
prevailing pay scale for work performed in an occupation in a given area or region.
Wage Rate
explanation stating that the supply and demand for a
worker’s skills and services determine the wage or salary.
Market Theory of Wage Determination
length of time a person has been on a job.
Seniority
theory that employers are willing to pay more for people with certificates,
diplomas, degrees, and other indicators of superior ability.
Signaling Theory
process of negotiating between union and management representatives
over pay, benefits, and job-related matters.
Collective Bargaining
process of resolving a dispute by bringing in a neutral third party to help both sides
reach a compromise.
Mediation
agreement between union and management to have a neutral third party collect
facts about a dispute and present nonbinding recommendations.
Face-finding
court order issued to prevent a company or union from taking or not taking action
during a labor dispute.
Injunction
wage, fringe benefit, or work rule given up when renegotiating a contract.
Giveback
seemingly invisible barrier hindering advancement of women and minorities in a
white male-dominated organization.
Glass Ceiling
guaranteed contract or portion of a contract reserved for a targeted group,
usually a minority.
Set-Aside Contract
dollar amounts or prices that are not adjusted for inflation.
Current Dollars
