Asked by
Lauryn Wright
on Dec 10, 2024Verified
When a union successfully raises the wages of its members, it will also
A) increase total productivity, which must rise in proportion to the wage rate.
B) encourage employers to find a substitute for the union labor.
C) raise the wages of nonunion workers.
D) increase the share of income allocated to labor as opposed to capital.
Total Productivity
The overall effectiveness and efficiency of an entity in generating outputs from a set of inputs over a specific period of time.
Wage Rate
The fixed regular payment, typically paid on a daily or weekly basis, made by an employer to an employee.
Union Labor
Labor unions are organized groups of workers who unite to make decisions about the conditions of their work.
- Evaluate the impact of unions raising wages for their members and on the broader labor market.
- Perceive the linkage between union strength, the condition of the economy, and the impact on wages.
Verified Answer
CD
Learning Objectives
- Evaluate the impact of unions raising wages for their members and on the broader labor market.
- Perceive the linkage between union strength, the condition of the economy, and the impact on wages.