Examlex
The acceptance of mistakes, the freedom to discuss ideas, and the assignment of nonspecialists to problems are characteristics of creative organizations or departments.
Non-Unionized Industries
Sectors of the economy where labor unions do not represent the workforce, often resulting in different labor standards and wages.
Minimum Wage
The lowest hourly, daily, or monthly remuneration that employers may legally pay to workers.
Structural Unemployment
Unemployment caused by changes in the industrial makeup of an economy or technological innovations that render certain job skills obsolete.
Equilibrium Wage
The pay rate where the amount of work offered matches the amount of work required.
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