Examlex
Consider the following salaries for the executives of a certain company. }\\\begin{array} { l l } { \text { Position } } & \text { Salary } \\\text { President } & \$ 240,000 \\\text { 1st VP } & \$ 230,000 \\\text { 2nd VP } & \$ 100,000 \\\text { Supervising manager } & \$ 65,000 \\\text { Accounting manager } & \$ 65,000 \\\text { Personnel manager } & \$ 39,000 \\\text { Department manager } & \$ 30,000 \\\text { Department manager } & \$ 30,000\end{array}\end{array}"> What is the median?
Collective Bargaining
The negotiation process between employers and a group of employees aimed at agreements to regulate working salaries, working conditions, and other aspects of workers' compensation and rights.
Union Wages
The level of compensation agreed upon through collective bargaining between labor unions and employers, often resulting in higher wages and better benefits for union workers compared to their non-union counterparts.
Salary
A fixed regular payment, typically paid on a monthly or biweekly basis but often expressed as an annual sum, for the services of an employee.
Labor-market Discrimination
Differences in pay, employment opportunities, or treatment between workers based on race, gender, age, religion, or other non-skill related factors.
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