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The Equal Pay Act allows several exceptions to equal pay for equal work. Which of the following is not such an exception?
Principal-agent Problem
A dilemma in which one party (the agent) is expected to act in the best interest of another party (the principal) but may have the incentive to act in their own interest instead.
Shirking
The behavior of avoiding or evading work responsibilities, often in employment settings.
Industrial Unions
Labor unions that represent all types of workers within an entire industry, focusing on broad industry-level labor issues and negotiations.
Craft Unions
are labor unions that represent workers specialized in particular trades or crafts, focusing on securing favorable employment conditions and maintaining standards within their fields.
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