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________________________________________ Is the Level of Earnings and the Growth in the Levels

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________________________________________ is the level of earnings and the growth in the levels of earnings expected to persist in the future.


Definitions:

Collective Bargaining

The process of negotiation between employers and a group of employees aimed at agreements to regulate working salaries, working conditions, benefits, and other aspects of workers' compensation and rights.

Labor Unions

Organizations that represent workers in negotiations with employers over wages, working conditions, benefits, and other labor contract terms.

Strikes

Work stoppages caused by the mass refusal of employees to work, typically used as a form of protest against employers' policies or practices.

U.S. History

The study of the history of the United States, from its early indigenous and colonial periods through its formation as a nation and subsequent development and transformations.

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