Imperfect Competition Flashcards
American workers organized and pushed for better working conditions.
the Great Depression
Naturally the demand for workers was high, but in this time of heightened immigration the supply of laborers keen to make their way in a new country was even higher. This helped empower industry bosses and meant working conditions were far from ideal.
Labor Movement
an organized effort on the part of workers to improve their economic and social status by united action through the medium of labor unions
Labor Movement
2 TYPES OF CLASS UNDER LABOR MOVEMENT
1.BOURGEOISIE
2.PROLETARIAT
A class having no significant ownership of the means of production and whose only means of subsistence is to sell their labour power fo a wage or salary.
PROLETARIAT
Identified as middle class, typically with reference to its perceived materialistic values or conventional attitudes.
BOURGEOISIE
This is a famous strike happened in Chicago on May 4, 1886 when laborers held an strike to fight their rights.
The Haymarket Riots
Local police and the National Guard troops would get involved and sided with management.
Labor
In 1938 Congress passed a law called “________” which set the 40 hour workweek, regulated child Labor and implementing a minimum wage and overtime pay.
Fair labor Standards Act
This act gave workers the right to unionize and bargain collectively. It outlawed unfair labor practices”
WAGNER ACT
WAGNER ACT
Workers urged the Roosevelt administration to enact the National Labor Relations (Wagner) Act in 1935.
NLRB
NATIONAL LABOR RELATION BOARD
created a system for enforcement of collective bargaining agreements.
The Wagner Act
played a key part in settling labor disputes between management and the unions.
NLRB
an organized association of workers, often in a trade or profession, formed to protect and further their rights and interests.
Labor Union
These early unions sought to limit the length of the workday and to establish uniform wage scales for their members.
Industrial Revolution
of skilled craft workers emerged in the late 18th century in America.
Unions
National Labor Union was established in
1866
who served as its president until his death in 1924, stressed the importance of “bread-and-butter unionism.”
Samuel Gompers.
A wave of union growth occurred as unions took advantage of the change in public opinion as well as the new legislation. formed
Congress of Industrial Organizations
A wave of union growth occurred as unions took advantage of the change in public opinion as well as the new legislation. formed Congress of Industrial Organizations, led by
John L. Lewis
is a federal law that extended and modified the 1935 Wagner Act. It prohibits certain union practices and requires disclosure of certain financial and political activities by unions.
Taft-Hartley Act (1947)
is a foundational statute of United States labor law that guarantees the right of private sector employees to organize into trade unions, engage in collective bargaining, and take collective action such as strikes.
National Labor Relations Act (Wagner Act, 1935)
all employees must join the union
Union Shop
An employer may hire only union members
Closed Shop
Section 14 of the Taft-Hartley Act permitted the states to pass laws prohibiting the union shop
Right-to-work laws
No one is forced to join the union, although it does represent all the workers in contract negotiations.
Open Shop
in which all workers in the same industry are organized into the same union, regardless of differences in skill
Industrial unionism
refers to a model of trade unionism in which workers are organised based on the particular craft or trade in which they work.
Craft unionism
second way of exerting power, which is quite common in the building trades, is the
principle of exclusion
They can take in as members virtually everyone who works in a particular craft or industry
method of inclusion
is a written legal contract between an employer and a union representing the employees.
The Collective Bargaining Agreement
is the main arena of the power struggle between labor and management
Collective bargaining
refers to any organization, union or association of employees in the agencies of government which exist in whole or in part for the purpose of collective negotiations or mutual aid, interest, cooperation and protection.
PUBLIC SECTOR UNION
in economic terms, refer to a market structure where there is only one buyer for a particular product or service. While more commonly discussed in the context of labor markets, can exist in other markets as well.
Monopsonies
refers to any union or association of employees in the private sector which exist in whole or in part for the purpose of collective bargaining or mutual aid, interest, cooperation, protection or other lawful purposes.
PRIVATE SECTOR UNION
focuses on union leaders making concessions in exchange for job security.
Concessionary Bargaining
has nothing to do with compensation. Instead, it focuses on other issues, such as working conditions, job security, and other corporate policies.
Composite bargaining
This process is characterized as benefiting one party financially at the expense of the other.
Integrative Bargaining
is enforced by both parties, and disputes may be resolved through grievance procedures outlined in the agreement. If necessary, third- party mediation or arbitration may be involved.
CBA
