Chapter 19 - Earnings and Discrimination

market power of labor

The ________ unions, when left unsatisfied, can negatively affect a job.

Signals of abilities

________ can often be seen in resumes, where workers experience and education are revealed.

non monetary factors

Compensating differential: wage differences that are caused by ________ and characteristics.

Bonuses

________ are usually issued to these types of workers based on their performances.

Human capital

________: accumulation of investments in people.

Strike

________: when a large group of workers refuses to work.

direct relationship

It is not a(n) ________ (or cause) to higher productivity, but it is a signal.

Statistical discrimination

________: employers do not have pinpoint accuracy on employees.

economys stock of equipment

Capital: a(n) ________ and structures.

Customer preferences

________ and government policies affect wages.

marginal contribution

Wages are determined by ________ to the work employees partake in.

marginal product value

The ________ depends on the type of employee.