econ vocab 4

  1. white collar
    someone in a professional or clerical job who usually earns a salary
  2. unskilled labor
    labor that requires no specialized skills, education, or training
  3. learning effect
    the theory that education increases productivity and results in higher wages
  4. labor union
    an organization of workers that tries to improve working conditions, wages, and benefits for its members
  5. semiskilled worker
    labor that requires minimal specialized skills and education
  6. right-to-work
    law a measure that bans mandatory union membership
  7. affirmative action
    *An action or policy favoring those who tend to suffer from discrimination, esp. in relation to employment or education
  8. union shop
    *A place of work where employers may hire nonunion workers who must join a labor union within an agreed time.
  9. glass ceiling
    unofficial, invisible barrier that prevents women and minorities form advancing in business dominated by white men
  10. collective bargaining
    the process in which union and company representatives meet to negotiate a new labor contract
Card Set
econ vocab 4