Suppose a union successfully negotiates a wage rate for its members that is above the competitive wage rate, then the union must also negotiate a fringe-benefit package that the membership will like. the union must find a way to ration jobs among the excessive number of workers who wish to work at the negotiated wage. employment in the union sector will increase. the union must find a way to make union workers more productive.
Suppose a union successfully negotiates a wage rate for its members that is above the competitive wage rate, then the union must also negotiate a fringe-benefit package that the membership will like. the union must find a way to ration jobs among the excessive number of workers who wish to work at the negotiated wage. employment in the union sector will increase. the union must find a way to make union workers more productive.
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
ChapterST9: Do Labor Unions Increase The Wages Of Workers?
Section: Chapter Questions
Problem 6CQ
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Suppose a union successfully negotiates a wage rate for its members that is above the competitive wage rate, thenthe union must also negotiate a fringe-benefit package that the membership will like.the union must find a way to ration jobs among the excessive number of workers who wish to work at the negotiated wage.employment in the union sector will increase.the union must find a way to make union workers more productive.
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