Union wages are on average about 15 percent higher than nonunion wages in comparable jobs. Restrictive union
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Union wages are on average about 15 percent higher than nonunion wages in comparable jobs. Restrictive union work rules, output losses from strikes, and labor misallocation from the union wage advantage are ways that unions may reduce efficiency, output, and productivity. The efficiency losses from unions may be partially offset in the long run by union productivity advances deriving from reduced labor turnover.
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Economics Principles Problems And Policies
ISBN: 9780073511443
19th Edition
Authors: Campbell Mcconnell ,Stanley Brue ,Sean Flynn
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