Wednesday, August 09, 2006

Wages in competitive shooting

Wage Price is the price of labor. Say that you are a gun smith, you are paid $200 to repair a persons rifle, part of the price you are paid is your wage price or the amount of money your labor costs, and the other is the price of the parts.

Derived Demand is a demand that is the result of some other demand. A great example of this would be the demand for ammo after there is a great demand for rifles.

Minimum wage law is a federal law that specifies the lowest hourly wage rate that can be paid to workers. So let say your just out of high school and you want to buy your own rifle so you get a new job. When you start your job this law prevents your employer from paying you a salary less than the minimum wage.

Labor union is an organization that seeks to increase the wages and improve the working conditions of its members. Many people who work for rifle manufacturing corporations are in labor unions to protect their rights and wages.

Closed shop is an organization that hires only union members. Another example would be that most major matches are closed shops because they only allow NRA members to shoot in these matches.

Taft-Hartley Act is an act passed which made the closed shop illegal and gave states the right to pass right-to-work laws. The right-to-work laws prohibit employers from establishing union membership as a condition of employment. This means that if you went to work at a place like Anshutz were majority of the employees were unionized and you aren't, they are not allowed to turn you away because you are part of that union.

Union shop is an organization that requires employees to join the union within a certain period after being hired. Many manufacturing companies of rifle equipment are union shops.

Strike is a work stoppage called by union members to put pressure on an employer. Many strikes occur in ammunition factories, because people believe that they aren't being paid enough for the risks that they are taking working with the substances they use.

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