Fw: Term of the Day: Organized Labor

[K3 V iN Cummiskey]

Worker's of the World Unit: I love business, and busines 0wner's but I love the poor- sap worker's as well.  Let Unions prevail, let workers enjoy the benifits of their work. Stop the elites from being 100% self concerned and over-all petty.  Their is more than enough wealth in this world to go around and to everybody on the play-ground. 

--- On Mon, 9/1/08, Investopedia.com <webmaster at investopedia.com> wrote:

From: Investopedia.com <webmaster at investopedia.com>
Subject: Term of the Day: Organized Labor
To: kevincummiskey at yahoo.com
Date: Monday, September 1, 2008, 9:05 AM






 



TERM OF THE DAY - SEPTEMBER 01, 2008

Organized Labor

What Does it Mean?
An association of workers united as a single, representative entity for the purpose of improving the workers' economic status and working conditions through collective bargaining with employers. Also known as "unions". There are two types: the horizontal union, in which all members share a common skill, and the vertical union, composed of workers from across the same industry. 



Investopedia Says...
The union formation process in most countries is regulated by a government agency, such as the National Labor Relations Board in the United States. The group of employees wanting to form a union usually need a set amount of signatures... Read more.










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Related Terms

Blue Collar
A working-class person historically defined by hourly rates of pay and manual labor... Read more.

Department of Labor - DOL
A U.S Government cabinet body responsible for standards in occupational safety... Read more.

Help-Wanted Index - HWI
The U.S. job market index, published monthly by the Conference Board... Read more.

Man-Year
A method of describing the amount of work done by an individual... Read more.

White Collar
A working class that is known for earning high average salaries... Read more.





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