Asked by
Hannah Rogers
on Nov 16, 2024Verified
When a union bargains successfully with employers, in that industry,
A) both wages and unemployment increase.
B) wages increase and unemployment decreases.
C) wages decrease and unemployment increases.
D) both wages and unemployment decrease.
Union Bargains
Union bargains involve negotiations between labor unions and employers on employment terms, such as wages, working conditions, and benefits for the workers.
Wages
Payments made to workers for their labor, typically in the form of money and calculated on an hourly, daily, or piecework basis.
Unemployment Increase
A situation where the number of people who are actively looking for work but cannot find employment rises.
- Acquire knowledge about the contribution and repercussions of labor unions on wage levels, job status, and the market for labor.
Verified Answer
MB
Learning Objectives
- Acquire knowledge about the contribution and repercussions of labor unions on wage levels, job status, and the market for labor.