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Today's Terms
Child Labor Law
Definition:
This law states what types of jobs children may work and what type of work they can not do.
Wildcat strike
Definition:
A wildcat strike refers to any type of strike that is not sanctioned by the union. Wildcat strikers are not protected by the NLRA provisions and may be permanently terminated by the employer.
Inflation
Definition:
A rate of increase in the general price level of all goods and services. (This should not be confused with increases in the prices of specific goods relative to the prices of other goods.)
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