Economics Assignment 4, (Chapter 9)
Part three of three. Remember, feel free to comment on any economics blog, the advice is welcome. As you remember from the blog on chapter 7 and 8; the assignment was to read a chapter, take the main ideas and key terms of economics and tie it in with our interest, in my case libraries. If this intro is familiar, I am sorry. I lack the creativity to think of a new blurb for each topic.
Wage rate or price of labor is used in almost every business, including libraries. Labor can also be known as librarians, pages, and anyone else employed by libraries. The rises in minimum wage and the number of employees can affect a library system's budget. Minimum wage was created through the minimum wage law. As one can probably tell by the term, minimum wage is the lowest hourly wage a worker can be paid.
If there is a demand for a new library to be opened in a location that doesn't have a library, there would also become a demand for librarians. This demand is called a derived demand. A derived demand is a demand created by a demand for something else.
Since librarians are county employees, they can join the county worker's labor union. Libraries aren't a closed shop, an employee doesn't have to be a member of a union in order to have employment at a library. This is probably because of the Taft-Hartley act. This act banned closed shops. Libraries aren't union shops either; they don't require employees to join a union after being hired. The right-to-work law doesn't affect libraries; the right-to-work law makes union shops illegal.
If some librarians believe that they are being treated unfairly, paid the amount they deserve to have, or have the job security that they need, they can go on strike. But the librarians have to give notice, and by the time that the notice is approved, the issues have been worked out. There aren't many cases of librarians going on strike, but as a government employee, they have that right. (but they have to give notice and go through the paperwork first.)
Key Terms to be Used in this Blog;
Wage Rate, Derived Demand, Minimum Wage Law, Labor Union, Closed Shop, Taft-Hartley Act, Union Shop, Strike, and Right-to-Work Law.
Wage rate or price of labor is used in almost every business, including libraries. Labor can also be known as librarians, pages, and anyone else employed by libraries. The rises in minimum wage and the number of employees can affect a library system's budget. Minimum wage was created through the minimum wage law. As one can probably tell by the term, minimum wage is the lowest hourly wage a worker can be paid.
If there is a demand for a new library to be opened in a location that doesn't have a library, there would also become a demand for librarians. This demand is called a derived demand. A derived demand is a demand created by a demand for something else.
Since librarians are county employees, they can join the county worker's labor union. Libraries aren't a closed shop, an employee doesn't have to be a member of a union in order to have employment at a library. This is probably because of the Taft-Hartley act. This act banned closed shops. Libraries aren't union shops either; they don't require employees to join a union after being hired. The right-to-work law doesn't affect libraries; the right-to-work law makes union shops illegal.
If some librarians believe that they are being treated unfairly, paid the amount they deserve to have, or have the job security that they need, they can go on strike. But the librarians have to give notice, and by the time that the notice is approved, the issues have been worked out. There aren't many cases of librarians going on strike, but as a government employee, they have that right. (but they have to give notice and go through the paperwork first.)
Key Terms to be Used in this Blog;
Wage Rate, Derived Demand, Minimum Wage Law, Labor Union, Closed Shop, Taft-Hartley Act, Union Shop, Strike, and Right-to-Work Law.
posted by stolare at
6:33 AM
1 Comments:
I liked your blog. Very nice and concise. You just might want to check up on whether government employees can strike and what processes they must go through. Other then that, very well done!
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Libby Sparrow, at 7:27 AM
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