Featherbedding

Filed Under »
Dictionary Says

Definition of 'Featherbedding'

Term used to describe the practice of a labor union requiring an employer to hire more workers than necessary for a particular task.
Investopedia Says

Investopedia explains 'Featherbedding'

Featherbedding has developed over time as unions respond to workers being laid off because of technological change. These lay-offs have caused unions to seek some way to retain workers, even though there may be little work for them to perform.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Department Of Labor - DOL

    A U.S government ...
  2. Downsize

    Reducing the ...
  3. Restructuring

    A significant ...
  4. Golden Boot

    An inducement or ...
  5. Severance Pay

    The compensation ...
  6. Minimum Wage

    The minimum ...
  7. Marxism

    A social, ...
  8. Taft-Hartley Act

    A Federal law ...
  9. Inside Director

    A board member ...
  10. Fair Labor Standards Act - FLSA

    A United States ...

Articles Of Interest

  1. What You Need To Know About The Employment Report

    This widely watched indicator of economic well-being also directly influences the market.
  2. How does someone commit featherbedding?

  3. Unions: Do They Help Or Hurt Workers?

    Learn the pros and cons of these organizations and how they fit into today's economy.
  4. Is That Airline Ready For Lift-Off?

    Break through the clouds to see if these stocks will rocket higher, or crash and burn.

comments powered by Disqus
Recommended
Loading, please wait...
Trading Center