all nonmilitary people who are employed or unemployed

the theory that education increases productivity and results in higher wages

the completion of college indicates to employers that a job applicant is intelligent and hard-working

a demand derived or set by the demand for what a worker produces

the wage rate that produces neither an excess supply of workers nor an excess demand for workers.

requires no specialized skills, education, or training; usually hourly waged

requires minimal specialized skills and education

requires specialized abilities and training

requires advanced skills and education

three reasons for lower pay for women

"women's work," human capital, women's career paths,

the invisible barrier that sometimes prevents some women and minorities from advancing to the top ranks of business

negotiating labor contracts that keep unnecessary workers on the company payroll

an organized work stoppage intended to force an employer to address union demands

measure that ban mandatory union membership for work

someone in a professional or clerical job

collective bargaining

the process in which union and company representatives meet periodically to negotiate a new labor contract

a settlement technique in which a neutral mediator meets with each side to try and find a solution that both sides will accept

a settle technique in which a neutral third party review the case and imposes a decision that is legally binding for both sides

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Question	Answer
labor force	all nonmilitary people who are employed or unemployed
learning effect	the theory that education increases productivity and results in higher wages
screening effect	the completion of college indicates to employers that a job applicant is intelligent and hard-working
contingent employment	temporary and part-time jobs
derived demand	a demand derived or set by the demand for what a worker produces
productivity	the value of the output
equilibrium wage	the wage rate that produces neither an excess supply of workers nor an excess demand for workers.
unskilled labor	requires no specialized skills, education, or training; usually hourly waged
semi-skilled labor	requires minimal specialized skills and education
skilled labor	requires specialized abilities and training
professional labor	requires advanced skills and education
three reasons for lower pay for women	"women's work," human capital, women's career paths,
glass ceiling	the invisible barrier that sometimes prevents some women and minorities from advancing to the top ranks of business
featherbedding	negotiating labor contracts that keep unnecessary workers on the company payroll
strike	an organized work stoppage intended to force an employer to address union demands
right-to-work law	measure that ban mandatory union membership for work
blue-collar workers	those who work industrial jobs
white-collar workers	someone in a professional or clerical job
collective bargaining	the process in which union and company representatives meet periodically to negotiate a new labor contract
mediation	a settlement technique in which a neutral mediator meets with each side to try and find a solution that both sides will accept
arbitration	a settle technique in which a neutral third party review the case and imposes a decision that is legally binding for both sides

Created by: ruiyuwu1998

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