Chapter 31: Problem 1019
Describe the weapons used by management to combat unions.
Chapter 31: Problem 1019
Describe the weapons used by management to combat unions.
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Get started for freeSuppose that a strong union is able to bargain for an increase in wages of 5 percent when productivity has gone up only 3 percent. Assume further that as a result of such an increase in wages, management increases the price of its products by 2 percent to pay for the additional cost. Analyze the effects of such increases in wages and price on the part of labor, management and consumers.
Give the classifications of bargaining arrangements and briefly discuss each.
Explain how the \(\mathrm{MC}=\mathrm{MR}\) rule can be applied to the hiring of labor in a perfectly competitive market.
Why is the Wagner Act (officially the National Labor Relations Act), considered to be "labor's Magna Charta"?
The following are the terms commonly encountered as a result of a breakdown in negotiations between labor and management. a) lockout b) strike c) picketing d) boycott e) secondary boycott f) jurisdictional strike g) featherbedding Briefly describe each of the above concepts.
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