Question
If a labor union clearly sees that if wages are not decreased the company is going to close. What will be the preference of the
If a labor union clearly sees that if wages are not decreased the company is going to close. What will be the preference of the labor union---lower wage or complete unemployment? What about if wages are linked with the performance or profit of the company? Will it work or not? Will it help improving employment and restoring equilibrium in the labor market?
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Intermediate Microeconomics and Its Application
Authors: Walter Nicholson, Christopher M. Snyder
12th edition
978-1133189022, 1133189024, 1133189032, 978-1305176386, 1305176383, 978-0357687000, 978-1133189039
