Chapter 9- Labor Vocabulary1.labor force- all nonmilitary people who are employed or unemployed2.learning effect- the theory that education increases the productivity and results inhigher wages3.screening effect- the theory that the completion of college indicates to employersthat a job applicant is intelligent and hard working4.contingent labor- a temporary or part time job5.How does being unemployed differ from not being a part of the labor force?6.What is the minimum age requirement to be considered a part of the labor force?7.Which groups are considered outside the labor force?In the following examples, would you hire permanent employees or contingentworkers?8.Pool and garden shop in North Dakota:9.Architectural firm:10.Laundromat:11.Tax preparation service:12.productivity- value of output13.equilibrium wage- the wage rate that produces neither an excess supply of workers nor an excess demand for workers in the labor market14.unskilled labor- labor that requires no specialized skills, education, or training15.semi skilled labor- labor that requires minimal specialized skills and education16.professional labor- labor that requires advanced skills and education17.glass ceiling- an unofficial, invisible barrier that prevents women and minoritiesfrom advancing in businesses dominated by white men18.labor union- an organization of workers that tries to improve working conditions,wages, and benefits for its members
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