Images.pcmac.org



ECONOMICS - Chapter 8 Study Guide – Employment, Labor and WageUse the book to answer the following questions.What did the Fair Labor Standards Act establish? What was the first legislation to exempt unions from the antitrust laws? What are workers who have the skills to operate machines and who require a minimum amount of training? What theory is based on the belief that wages are based on the supply and demand for a worker’s skills? Which laws were established to establish more equal pay between men and women? What did the National Labor Relations Act establish? What are labor and management doing when they ask a third party to collect information about a dispute and present non-binding recommendations? What is the invisible barrier that hinders women and minorities from advancement up the corporate ladder called? What type of labor are workers with knowledge-based education and managerial skills considered to be?HELP WANTED: ChefUpscale, 100-seat neighborhood restaurant seeking Executive Chef with 5 years’ experience in kitchen management and line experience. Position reports to Restaurant Manager. Send resume to: Recruiter, P.O. Box 30, Canton, OhioBased on skill level, what category of worker is this want ad seeking?TEACHERInner city school seeking special education teacher. $2,000 signing bonus. Teaching certification required. Experience a plus. Call 555-1338.Based on skill level, what category of worker does this want ad seek? Based on the chart, workers who belong to a union make up what percentage of employed workers? What law gave workers more power to do what these workers are doing?What law limited the power of workers to do what these workers are doing? The union representing flight attendants at American Airlines rejected an offer of arbitration from federal mediators yesterday, assuring the start of a 30-day cooling-off period after which its members will be legally free to strike.The major issue dividing the two sides is pay. The flight attendants now earn $15,000 to $35,000 a year, the union said. American said that the union’s last proposal would cost the airline $570 million more over six years than its final offer. The union said that the gap was closer to $200 million.Source: The New York Times, May 31, 2001.If the union in the passage had accepted the offer of arbitration, how would this affect the outcome of negotiations? Some analysts in the past contended that the computer age would result in less work for humans. What’s happening, however, is that more people are working more hours. The average number of hours worked per week has increased from 40 hours in 1973 to 50 hours today. Why is this happening? One explanation is that computers don’t replace human thought and endeavor, they extend it. By allowing people to communicate easily at any time from any place, computers increase the amount of time people work.Which of the following situations best exemplifies the main point of the passage?Percent of Employed Workers That Are:IndustryMembers ofUnionsRepresentedby UnionsGovernment Workers37.542.0Communications & Public Utilities22.824.4Transportation24.826.3Construction18.319.0Manufacturing14.815.6Mining10.911.4Wholesale Trade5.15.6Services (general)5.66.6Retail Trade4.75.2Agricultural Wage & Salary Workers2.12.5According to the table, unions represent 26.3% of workers in what industry?Based on the graph, what percentage of wholesale trade workers are represented by unions but are not members of a union? SHORT ANSWERSHourly Earnings in Various Industries 1970 to 2000Finance &YearConstructionManufacturingRetail TradeInsuranceServices1970$5.24$3.35$2.44$3.07$2.811980$9.94$7.27$4.88$5.79$5.851990$13.77$10.83$6.75$9.97$9.832000$17.86$14.38$9.45$15.07$13.88What does this table show? How much did workers in the retail trade earn in 1980? Compare changes in the wages of workers in finance to changes in the wages of workers in manufacturing from 1970 to 2000. What information does the table compare? How much did workers in manufacturing earn in 1970?Compare changes in the wages of workers in services to changes in the wages of workers in the retail trade from 1970 to 2000.Baseball player, president, and cowboy—great jobs, right? Wrong. Try Web site manager, computer systems analyst, and software engineer. Low stress, short workweeks, and room for advancement put those professions near the top of the list in Jobs Rated Almanac, a book ranking 250 of the best and worst jobs in the country. Nine of the top 10 jobs were in computer or math-related fields. Physical labor fared worst in the rankings, with oil field “roustabouts,” lumberjacks, and fishermen taking the final three spots on the list.Source: The Columbus Dispatch, March 17, 1999According to the passage, what are three characteristics of a great job?In a move that could lead to the first work stoppage in National Basketball Association history, the 29 league owners Monday agreed to lock out the players and suspend all league business until the two parties sign a new labor agreement.The lockout will begin at midnight Tuesday night, when the current collective bargaining agreement expires. With no negotiations planned and several major economic issues to be resolved, next season may not start on time.Source: The New York Times, June 30, 1998.How do you think the owners’ tactic described in the passage will put pressure on the players?N.F.L. [National Football League] game officials voted yesterday to accept a new contract that the league had recently offered, ending a lockout during which replacements officiated N.F.L. games for the first time....A majority of the 119 officials ratified the contract, which league and union officials had agreed to on Monday...Many coaches, fans and players had scoffed at the idea of a lockout, but the league ended up using 15 replacement officiating crews, with many of them pulled from below the Division I-A college level. Source: The New York Times, September 20, 2001.What tactics did the league use in the labor dispute described in the passage?Based on the passage, what incentive do you think the league had for settling the labor dispute with the N.F.L. officials? ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download