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Chapter 29: Q. 1 (page 665)

Discuss three aspects of collective bargaining that society might deem desirable.

Short Answer

Expert verified

A society would be better off due to the relative aspects of collective bargaining.

Step by step solution

01

Step - 1   Introduction

Three features of negotiating that a society might find acceptable are as follows.

Negating trade agreements is mainly done through collective bargaining.

Employee difficulties are properly resolved through collective bargaining.

As a result, a society considers collective bargaining appealing.

Due to collective bargaining, employers cannot single out an individual. Employee's fundamental rights are protected by labor unions.

From a societal standpoint, this is advantageous.

02

Step - 2    Explanation

During collective bargaining, labor organization's take steps to persuade employers to improve the working environment.

As a result of the relative characteristics of collective bargaining, a society would be better off.

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Most popular questions from this chapter

Why do you suppose that some observers speculated that a strike by the teachers' union four days after the court decision might have reflected a perceived higher demand for union labor?

Why does a monopsonistic firm pay the last unit of labor that it employs a wage that is less than that unit's marginal revenue product?

Explain the impact of each of the following events on the domestic market for union labor.

a. Union-produced TV and radio commercials convince consumers to buy domestically manufactured clothing instead of imported clothing.

b. The union sponsors periodic training programs that instruct union laborers about the most efficient use of machinery and tools.

How might selling tobacco through a single national exchange expose Zimbabwean farmers to greater susceptibility to monopsonistic collusion on the part of buyers?

Why does marginal factor cost increase as a monopsonistic firm utilizes more labor but remain unchanged as a perfectly competitive firm employs additional labor?
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