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Brown-economics

Labor

QuestionAnswer
What percentage of adult women are in the work force today? 60%
What is collective bargaining? union and company representatives meeting to negotiate a new labor contract
What is the basic economic principle that decides how high wages will be? Supply and demand control wages
Which of the following is generally considered to be a skilled worker? Machinist
How have earnings of US workers changed over the last 20 years? Wages of all workers have gone down slightly
How does the pay level of men compare to women? Women earn about 75%
Which of the following jobs are expected to grow significantly? computer-related jobs
Which of the following could be considered company benefits? the employer's payments to Social Security
What is considered a negative impact caused by a strike? All of the above (Loss of profits, Loss of wages, Loss of jobs)
What factors can affect wages? All of the above (Minimum wages laws, Safety laws, Labor unions)
Created by: privard
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