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Are unions good or bad for the economy? How do unions at GM andFord affect employment levels and wages? How do unions affect otherindustries in terms of employment and wage levels?

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Joshua Stredder
Joshua StredderLv10
28 Sep 2019

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Related questions

How do unions change the labor market? Give the pros and cons of unions. Do you think they are necessary? Why or why not? Remember to consider unions in conjunction with monopsonies.

7. Unions and productivity In some industries, the labor productivity of union workers exceeds the labor productivity of nonunion workers.

Which of the following might help explain the higher productivity of union workers?

Check all that apply.

A. Higher union wage rates allow companies to attract more highly skilled workers.

B. Unions are always more efficient than firms at discerning which workers are highly skilled and which are not.

C. Because union wages exceed nonunion wages, employees may be encouraged to work harder.

D. Unions may provide information to companies about how to improve operations and eliminate problems in the work environment.

How might the externality of smoking be different in a state in which unions negotiate common wages for all employees in similar positions in a company versus a state in which there are no labor unions and wages are negotiated by each employee? Assume that all other aspects of these two states are identical.

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