Suppose a union successfully negotiates a wage rate for its members that is above the competitive wage rate, then the union must also negotiate a fringe-benefit package that the membership will like. the union must find a way to ration jobs among the excessive number of workers who wish to work at the negotiated wage. employment in the union sector will increase. the union must find a way to make union workers more productive.

Answered: Suppose a union successfully negotiates…

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

ChapterST9: Do Labor Unions Increase The Wages Of Workers?

Section: Chapter Questions

Problem 6CQ

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Suppose a union successfully negotiates a wage rate for its members that is above the competitive wage rate, then

		the union must also negotiate a fringe-benefit package that the membership will like.
		the union must find a way to ration jobs among the excessive number of workers who wish to work at the negotiated wage.
		employment in the union sector will increase.
		the union must find a way to make union workers more productive.

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