Chapter 19

a difference in wages that arrises to offset the nonmonetary characteristics of different jobs

the accumulation of investments in people, such as education and on-the-job training

a worker association that bargains with employers over wages and working conditions

the organized withdrawal of labor from a firm by a union

above-equilibrium wages paid by firms in order to increase worker productivity

the offering of different opportunities to similar individuals who differ by race, ethnic group, sex, age, or other personal characteristics