Lesson Fifteen

Labor/Management

·        Labor are the workers, manangement are the people who decide what that work will be.

Tenure/At Will

·        Tenure means you have property rights to that job. You can’t be fired without going through a legal process to remove that person from the job. Tenure usually comes with a contract.

·        At will means you don’t have property reghts to your job. Your only there at the pleasure of the management. You can be let go at anytime.

Union Shop/Open Shop/Closed Shop

·        Union shop means if you are hired in, you will join the union.

·        Open shop means you have a choice of whether you want to join the union or not.

·        Closed shop means that the only people you hire are union people. You have to join the union first in order to get hired.

·        Unions bargain for working conditions

Strike/Injunction

·        Withholding your labor is a strike. There are different types of strikes: blackboard flu, walk out, slow dow, sit down. Sit down strikes are illegal because you are holding property without due process.

·        An injunction is an order by court to stop something. The management can call an injunction to counteract the strike.

Unemployment

·        Seasonal means the time of year dictates when you work.

·        Frictional means you’re between jobs. You may or may not be looking.

·        Structural mean the technology has changed and you are no longer skilled for the job. Ex: computers

·        Cyclical means the business itself has a cycle, there is always ups and downs within the business that will determine when you work.