ACCT351 Lecture Notes - Lecture 4: Fair Labor Standards Act, Samuel Gompers, Clayton Antitrust Act
ACCT351 Week 4 Note
Conspiracy -
1. Discuss crime
2. Take action to effect it
EX: discussing the crime with U.S. citizens by email or phone
Key Concepts:
Fair Labor Standards Act: Minimum wages, allows states to adopt higher
but not lower minimum wages. Child labor restrictions. Overtime
requirements.
Occupational Safety Health Act (OSHA): A general duty for employers to
maintain workplace free of recognized conditions that risk serious injury
or death
Labor Law Introduction
• Present Federal law regulation
• The combination of European immigration and the Industrial
Revolution changed the worker-employer dynamic in the US
• Population moved to the cities where the jobs were, and large corporate
employers had much more economic bargaining power — which
they used to their advantage — but unfortunately unchecked led to
abuses
• Unions were originally formed in the late 1800s with the 1886
American Federation of Labor formed by Samuel Gompers
• AFL was only open to skilled craft workers
• Congress of the CIO was for unskilled workers
• They combined in 1955
The Clayton Act
The Norton LaGuardia Act
The Wagner Act - NLRA of 1935, applicable to all firms and employees in
activities affecting interstate commerce with the exception of agricultural
find more resources at oneclass.com
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Document Summary
Conspiracy : discuss crime, take action to effect it. Ex: discussing the crime with u. s. citizens by email or phone. Fair labor standards act: minimum wages, allows states to adopt higher but not lower minimum wages. Occupational safety health act (osha): a general duty for employers to maintain workplace free of recognized conditions that risk serious injury or death. Labor law introduction: present federal law regulation, the combination of european immigration and the industrial. American federation of labor formed by samuel gompers: afl was only open to skilled craft workers, congress of the cio was for unskilled workers, they combined in 1955. The wagner act - nlra of 1935, applicable to all firms and employees in activities affecting interstate commerce with the exception of agricultural laborers, government employees, and those persons subject to the. Creates the national labor relations board, consisting of five members appointed by the president as an independent federal agency.
