Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 15 - Wage Determination - Appendix - Disscussion Questions: 4

Answer

15 percent

Work Step by Step

While unions do help employees receive higher wages, this can cause a decrease in employment. After all, the more employees cost, the more it makes sense to find something to replace them.
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