CHAPTER 8 EMPLOYMENT, LABOR, WAGES

Labor and Unions

Wage rate how much someone gets paid Unskilled labor jobs where no special training is needed
Picking fruit Mopping floors

Skilled labor workers who operate complex equipment

Electricians Carpenters

Professional Labor highly educated managers

People who can delegate Earn the most

Labor Disputes
Problems between owners and workers
Wages, benefits, holidays, bonuses

Collective bargaining workers and managers

compromise union reps

Mediation third party helps out Arbitration third party makes a decision for the

managers and workers and it is FINAL !!

Labor Issues Today

Decline in Union membership
Owners keep unions out Little loyalty to unions

Union products hard to buy expensive

Lower Pay for Women

Women drop out of labor to raise families More male jobs Discrimination Glass Ceiling- invisible barrier that hinders

women & minorities from advancement up the corporate ladder

Scenario Objective : understand collective bargaining (making a deal). To see the impact of union strikes on management and labor.

Management vs. Laborers

$5 hour - 50 hour week - 30 minutes for lunch each day 2 sick days paid per year 25% of health benefits paid for 2 weeks unpaid vacation

Have to negotiate a new contract.

Put the new contract ideas on paper List the new

agreements