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20 Cards in this Set
- Front
- Back
contingent employment
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temporary work
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labor force
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nonmilitary workers over 16 who are employed or unemployed
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at what age can you be considered employed or unemployed
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16 years old
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learning effect
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theory that education increases productivity and results in higher wages
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screening effect
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the completion of college indicates to employers that a job applicant is intelligent and hard-working
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Unskilled labor
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no specialized skills, education, or training
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semi-skilled labor
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minimal specialized skills and education
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skilled labor
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specialized skills and training
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professional labor
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advanced skills and education
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labor union
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an organization of workers that tries to improve working conditions, wages, and benefits for its members
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glass ceiling
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unofficial and invisible barrier in some workplaces, prevents women and minorities from advancing
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productivity
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level of output produced
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collective bargaining
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negotiate employment contracts for wayes and benefits, working conditions, and job security
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mediation
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not binding decision
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arbitration
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third parys decision is legally binding
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blue collar worker
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working in an industrial job
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white collar worker
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worker in a professional job receiving a salary
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right-to-work law
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measure banning mandatory union membership
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featherbedding
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negotiating labor contracts that kep unnecessary workers on the company payroll
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equilibrium wage
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wage rate that producs neither an excess supply of workers nor an excess demand for workers in the labor market
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