Tag: workers

What is 'Fair Trade Price' Fair trade price is the minimum price paid for certain agricultural products imported from developing countries. Fair...

DefinitionFeatherbedding is the practice of hiring more workers than are needed to perform a given job, or to adopt work procedures which appear pointless,...

What is a 'Labor Union' A labor union is an organization intended to represent the collective interests of workers in negotiations with...

What is 'Wage Expense' In financial accounting, wage expense represents payments made to non-manufacturing employees, regardless of whether they are hourly or salaried. Depending on...

What is 'Wage Push Inflation' Wage push inflation is a general increase in the cost of goods that is preceded by and...

What is a 'Waiver Of Subrogation' A waiver of subrogation is a contractual provision where one party agrees to limit the rights...

What is 'Geographical Labor Mobility' Geographical labor mobility refers to the level of freedom that workers have to relocate in order to...

DefinitionTax deferral refers to instances where a taxpayer can delay paying taxes to some future period. In theory, the net taxes paid should be...

DefinitionUnderemployment is the under-use of a worker due to a job that does not use the worker's skills, or is part time, or leaves...

What is an underfunded pension plan and how does it happen An underfunded pension plan happens when a company doesn't have enough money set aside...