Econ Ch 8 Guided Reading pt. 2

Those who workprimarily with their hands

Workers who have enough mechanical skills to operate machines

Workers who can operate complex equipment and perform their tasks with little supervision

Highest level of knowledge-based education

Standard amount of pay given for work performed

Supply and demand for worker's skill and/or services determine the wage or salary

Leaves Neither a surplus nor a shortage in the labor market

Employers are usually willing to pay more for workers with "signals" of superior ability, such as diplomas or degrees.

Ability and willingness of workers to relocate in markets where wages are higher

When unions raise wages, union-made products become more expensive so the products are lost to nonunion products. This causes unions to cut back on production and lose members.

Wage, fringe benefit, or work rule given when labor contract is negotiated

System that keeps high wages for current workers, but has a lower wage for newly hired workers

It is a barrier that prevents minorities and women from going up the corporate ladder

The EEOC was created which addresses discrimination, and issues guidelines and regulations

People should receive equal pay for work that is different, but just as demanding as other jobs

Guaranteed contract for a targeted group

Employers don't have to provide benefits and part time workers won for less money