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


Investor Glossary | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
Investor Glossary Index >>> # 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 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
Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
©2004-2014 Investor Glossary - All rights reserved - Terms of Use