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Econ
Econ
| The labor force is transforming right before our eyes. ____ has changed the way people work and live. | Technology |
| Economist define labor force as all _____ people who are employed or unemployed. | Non-military |
| Economist consider people to be employed if they are ____ years or older. | 16 |
| People who are outside the labor force could be ____ , stay at home parents, and _____. | Full time students, retirees. |
| Economist use certain groups to help provide them with information, for example the _______ provides info about how many people are in the ______ | Bureau of Labor Statistics, work place |
| U.S. labor force went from farming to ____. | Machines |
| Manufacturing became the _______ with the industries being ____, ____, and _______. | Powerhouse, steel, oil, automotive |
| More jobs in ______ than goods. | Services |
| The learning effect is: Education ______ productivity and results in higher wages, the higher the degree the higher the | Increases |
| The screening effect is: A college degree indicates to the employer that the employee is intelligent, hard-working and ______. | determined |
| People in the US are making ____ money due to the fact of competition from ______ ________. | less, foreign businesses |
| Benefits are becoming more ______ for the employer. | Costly |
| Benefits are: ______ benefits, _______ pension, vacation and _____ time, and vision and _____. | Health, retirement, sick, dental |
| The demand for labor all comes back to what the consumer wants and _____. | Needs |
| Labor supply: The higher the wage for job, the more people are ____ to the job. | attracted |
| 4 Skill levels: _____, ____, ______, _____ | Unskilled, semi skilled, skilled, professional |
| The gap is closing as more women join the ____ and are graduating more from ____ than ever before. | Work force, college |
| The unofficial invisible self barrier that prevents women and minorities from advancing to the top ranks of business is called the ________. | Glass ceiling |
| What has hurt human capital? | Physical capital |
| Workers with the highest skills and workers who are in shortage (brain surgeons) command the ____ wages | Highest |
| The man who started the official labor unions was _____ | Samuel Gompers |
| 4 labor union goals were: higher __, shorter _____, safer ____ ______, job ____ | Wages, hours, working conditions, security |
| One of the best tools a union has to demand a change is to _____ | Strike |
| If someone decides not to strike and work regardless of the strike is known as the ____ | Scab |
| Unions are weakest in the ____ collar professions. | White |
| Usually workers vote where they _________ or not. | Want a union |
| Benefits, wage increases, working conditions are negotiated through the process of _______? | Collective bargaining |
| Caesar Chavez organized the first ___________. | Farmers union in 1962 |
| One of the main functions of a labor union is to create and follow a _____ | Contract |
| If two sides do not agree they may request _____ | Mediation |
| If this fails the talks go into ________ where a third party reviews the case and imposed a decision. | Arbitration |
| The ______ stated that union membership is not required. | Taft Hartley act |
Created by:
theresa28
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