| Term | Definition |
| derived demand | the demand for a resource based on the demand for goods/services that labor produces |
| labor force | all people not in institutions who are 16 yrs of age and older and who are currently employed or who are unemployed and are looking for work |
| job discrimination | the practice of favoring one person over another for reasons that have nothing to do with the ability to perform a job |
| labor union | an association of workers that seeks to improve its members' wages, working conditions, and benefits |
| collective bargaining | the process in which union and company representatives meet to negotiate a new labor contract |
| strike | a withholding of labor services by a union |
| grievance | a formal complaint made by a union if it feels one member or a class of its members have been treated inappropriately |
| seniority | a worker's length of service with an employer |
| lockout | the closing down of a business to pressure a union into accepting employment conditions |
| injunction | a court order to keep a union from striking and picketing |
| picketing | the act of employees carrying signs that call attention to a labor strike with the goal of arousing public sympathy |
| union shop | nonunion members can be hired by the factory, business, or agency but only on the condition that they join the union after they are hired |
| clayton act | made unions exempt from antitrust regulation |
| Norris-LaGuardia Act | limited injuctions |
| Wagner Act | guaranteed workers the right to join unions |
| Fair Labor Standards Act | minimum wage law |
| taft-hartley act | outlawed closed shop |