| Term | Definition |
|---|
| macroeconomics | branch of economics that deals with the economy as a whole, including empoyment, gross domestic product, inflation, economic growth, and the distribution of income |
| civilian labor force | men and women 16 years old and over who are either working or actively looking for a job |
| craft union or trade union | an association of skilled workers who perform the same kind of work |
| industrial union | an association of all workers in the same industry, regardless of the job each worker performs |
| strike | when workers refuse to work until certain demands were met |
| picket | parade in front of the employer's business carrying signs about the dispute |
| lockout | a refusal to let the employees work until management demands were met |
| company union | a union organized, supported, or run by employers |
| Great Depression | the greatest period of economic decline and stagnation in United States history which began with the collapse of the stock market in Oct 1929 |
| right-to-work law | a state law making it illegal to force workers to join a union as a condition of employment, even though a union may exist at the company |
| independent unions | unions that do not belong to the AFL-CIO, such as the Brotherhood of Locomotive Engineers |
| closed shop | a situation in which the employer agrees to hire only union members |
| union shop | an employment situation where workers do not have to belong to the union to be hired, but must join soon after and remain a member for as long as they keep their jobs |
| modified union shop | workers do not have to belong to a union to be hired and cannot be made to join one to keep their jobs |
| agency shop | an agreement that does not require a worker to join a union as a condition to get or keep a job, but does require a worker to pay union dues to help pay collective bargaining costs |
| grievance procedure | a provision for resolving issues that may come up later |
| mediation | the process of bringing ina neutral third person or persons to help settle a dispute |
| arbitration | a process in which both sides agree to place their differences before a third party whose decision will be accepted as final |
| fact-finding | an agreement between union and management to have a neutral third party collect the facts about a dispute and present nonbinding recommendations |
| injunction | a court order not to act |
| seizure | a temporary takeover of operations |
Combine with other sets
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