study material economics vocab Ch 8 - Ponder
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| strike | refusal to work until demands are met
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| part-time worker | worker who regularly works fewer than 35 hours per week
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| injunction | court order not to act
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| glass ceiling | invisible barrier that prevents women and minorities from advancing up the corporate ladder
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| macroeconomics | economy as a whole, including employment, gross domestic product, inflation,
economic growth, and distribution of income
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| closed shop | situation in which an employer can hire only union members
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| mediation | use of a neutral third person or persons to help settle a dispute
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| skilled labor | workers who are able to operate complex equipment and can perform their tasks with little supervision
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| seniority | length of time a person has been on a job
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| minimum wage | lowest wage that can be paid by law to most workers
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| comparable worth | People should receive equal pay for work that is different from, but just as demanding as, other types of work
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| unskilled labor | laborers who work primarily with their hands because they lack training
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| union shop | employment situation where new workers must join a union after being hired
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| right-to-work law | state law making it illegal to force workers to join a union
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| arbitration | Labor and management agree to accept a third party's decision as binding.
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