The diagram below shows the supply and demand for labour in a hypothetical town in northern British Columbia, with only one employer, a logging company.
FIGURE 14-4
-Suppose there is a competitive market for retail workers at a large shopping mall that is large enough to constitute its own labour market. The labour demand curve is QD = 1000 - 20w) . The labour supply curve is QS = 400 + 40w) . Suppose that a union now successfully organizes the workers at this mall and obtains a wage rate of $11 but does not affect the demand curve) . The number of workers employed after unionization is
Definitions:
Employment Stability
The consistency or permanence of employment over time, which contributes to job security for employees.
Stopwatch Study
A time measurement method where a stopwatch is used to record the time taken for workers to complete tasks for the purpose of improving efficiency.
PDA
Personal Digital Assistant, a mobile device prior to smartphones, used for managing personal information, but now largely obsolete.
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