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Ch10 Econ

STUDY
PLAY
Derived Demand
demand for a resource (such as labor) based on the demand for goods and services that the resource produces
Labor Force
All people not in institutions who are 16 years of age or older and who are currently employed or who are unemployed and looking for work
Job Discrimination
Practice of favoring one person over another for reasons that have nothing to do with ability to perform a job
Labor Union
Association of workers that seeks to improve its members' wages, working conditions, and benefits
Collective Bargaining
Process in which union and company representatives meet to negotiate a new labor contract
Strike
Withholding of labor services by a union
Grievance
Formal complaint made by a union if it feels one member or class of its members have been treated inappropriately under the terms of a contract
Seniority
A worker's length of service with an employer
Lockout
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