12 terms

Learning effect

STUDY
PLAY
Learning effect
Education increases productivity and results in higher wage
Screening effect
Completion of college shows employers that applicat is inteligent and hard working
.Contingent employment
Temporary or part time job
Productivity
Value of out put
Labor Union
Organization for workers that tries to improve working conditions ,and benefits
Strike
Organized work stoppage to make employer address union demands
Blue collar worker
Work in an industrial job and receives wages
White collar worker
In a professional or clerical job, usually earning a salary
Mediation
Neutral person Meels withe each side to try to find a solution that both sides will accept
Arbitration
Third part reviews the case and imposes
Barter
Exchange of one set of goods or services for another
Money
Anything that serves as a medium
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