Examlex
In the union shop, a non-union member may be hired, but after a probationary period he or she must join the union or leave.
Taxes on Labor
Refers to taxes imposed on wages or salaries earned, impacting the net income of employees.
Second Earners
Refers to individuals in a household who contribute income in addition to the primary breadwinner, often impacting households' labor supply decisions and overall economic dynamics.
Price Elasticities
A measure of how much the quantity demanded of a good responds to a change in the price of that good.
Deadweight Loss
An economic inefficiency that occurs when the allocation of resources is not optimal, often resulting from taxes or monopolies.
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