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Wage Differentials
The variation in wage rates due to factors such as occupation, industry, geographic location, and skills level.
Licensure Exam
A standardized test that individuals must pass to prove they have the necessary skills and knowledge to practice a profession legally.
Exclusive Union
A labor union agreement that requires a company to hire only workers who are already union members.
Labor Union
An organization representing workers' interests, focusing on negotiating wages, work hours, and working conditions with employers.
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