Investor Glossary-organized laborInvestor Glossary-organized laborInvestor Glossary-organized laborInvestor Glossary-organized laborInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Organized Labor

The HTML to link to this page
 

Organized labor is the labor union movement. The origins of organized labor in the U.S. can be traced to guilds of skilled workers in Revolutionary times. Organized labor made huge strides with the founding of the American Federation of Labor (AFL) in 1886, and its subsequent merger with the Congress of Industrial Organizations (CIO) in 1955. These moves to bring labor unions together eventually gave organized labor substantial political influence. Since the 1960s, however, organized labor has suffered significant setbacks. The decline in organized labor stems from the changing economy: heavy manufacturing industries, like steel and shipbuilding, which gave organized labor so many dues-paying members substantially contracted. Other reasons for the decline of organized labor include technological advance, strong opposition from managements, and globalization. By the early 21st century, organized labor represented less than 10% of private-sector workers. Organized labor suffered a further setback in 2005, when two of America's most powerful unions - SEIU and the Teamsters -- resigned from the AFL-CIO. However, organized labor remained strong in the public sector, representing about 35% of all workers.



Rate this organized labor definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: implied volatility, EBITDA, APR, liquidity ratio, labor relations, VIX, current ratio, 1031 exchange, balance sheet, ex-dividend, FTSE, risk management, Zero Cost Collar, retained earnings, dividends payable, stock market close, phantom income, diluted share, debt service coverage, required rate of return, 1035 exchange, command economy, inflation, 144a, real GDP, annual return, limit order, deferred tax, stock split, 401a, wholly-owned subsidiary, margin rate, class C shares, option premium, in escrow, open position, deferred revenue, Key Rate Duration, minority interest, per diem, ex-dividend date, covered put, reverse mortgage, cancelled check, average price per share, FICO score, quality assurance, LIBOR, irrevocable trust


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Home | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2015 Investor Glossary - All rights reserved - Terms of Use