Ch 8 Employment, Labor & Wages

dollars that are not adjusted for inflation

• current dollars
• set-aside contract
• minimum wage
• future dollars

economy as a whole, including employment, gross domestic product, inflation, economic growth & distribution of income

• macroeconomics
• microeconomics

wage scale paying newer workers a lower wage than others already on the job

• two-tier wage system
• minimum wage 
• sliding scale
• pay differentiation

refusal to work until demands are met

• boycott
• strike
• picket
• lockout

demonstrate or march before a place of business to protest a company's actions

• boycott
• picket 
• strike
• lockout

refusal to buy products from an employer or company

• strike
• boycott
• picket
• lockout

court order not to act

• injunction
• strike
• seizure
• file

state law making it illegal to require a worker to join a union

• closed shop
• agency shop
• independent
• right-to-work

The Fair Labor Standards Act

• made it illegal to prosecute unions under the Sherman Antitrust Act
• prevented courts from issuing injunctions against unions engaged in peaceful strikes
• established the right of unions to collective bargaining
• established a federal minimum wage

The first legal legislation to exempt unions from the antitrust laws was the 

• Taft-Hartley Act
• Sherman Antitrust Act
• Clayton Antitrust Act
• Interstate Commerce Act