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economics chapter 9

AB
labor forceall nonmilitary people who are eomployed or unemployed
learning effectthe theory that education increases productivity and results in higher wages
screening effectthe theory that the completion of college indicates to employers that a job applicant is intelligent and hard working
contingent employmenta temporary or part time job
productivityvalue of output
unskilled laborlabor that requrires no specialized sills, education, or training
semi-skilled laborlabor that requires minimal specialized skills and education
skilled laborlabor that requires minimal specialized skills and education
professional laborlabor that requires advanced skills and education
glass ceilingan unofficial invisible barrier that prevents women and minorities from advancing in business dominated by white men
labor unionan organization of workers that try to improve workign coditions wages and benefits for members
featherbeddingthe practice of negotiating labor contracts that keep unnessary workers on a company payroll
right to work lawa measure that bans mandatory union membership
blue collar workersomeone who works in an industrial job often in manufacturing and who recieves wages
white collarsomeone in a professional or clerical job who usually earns a salary
collective barganingthe process in which union and company reps meet to negotiate a new contract
arbitrationa settle ment in which a third party reviews and makes a decision that benefits both sides
mediationa medator comes in and finds a solution that both sides will accept

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