Examlex
Courts often begin their interpretation of a statute by looking at the plain meaning of its language because it never fails to resolve the ambiguity at issue.
Monopsony Wage Rate
The wage rate determined in a market where there is only one buyer of labor, giving this buyer significant power over the wage rate.
Economic Rents
Extra earnings above the minimum level required to keep a resource in its current use, often associated with scarce resources or monopolistic markets.
Non-Union Workers
Employees who are not members of a labor union and typically do not receive the collective bargaining benefits that unionized workers do.
Wage Discrimination
The practice of paying different wages to employees for the same type of work based on race, gender, age, or other irrelevant factors.
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