During the 1920s,the American Federation of Labor (AFL)

question 61

Multiple Choice

During the 1920s,the American Federation of Labor (AFL)

• A) decided to shift away from craft unions.
• B) created a partner organization, the Congress of Industrial Organizations.
• C) used strikes in an attempt to organize unskilled workers.
• D) became more radical after the death of Samuel Gompers.
• E) believed workers should be organized on the basis of skills.

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Definitions:

Pension Plans

Financial programs established by employers to provide retirement income for employees, where benefits are determined by factors such as salary history and duration of employment.

Turnover Rates

The percentage of employees leaving a company over a specific period, indicative of workforce stability.

Defined Contribution Plans

Retirement savings plans where the amount contributed to the plan is defined, but the future benefit can vary based on investment performance.

Retirement Income Risk

The risk of having insufficient funds to cover expenses in retirement, considering various factors like longevity, inflation, and healthcare costs.