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


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