Chapter 14: Q. 19 (page 350)
What is the long-term trend in American union membership?
Short Answer
In recent years, union membership has been falling.
Chapter 14: Q. 19 (page 350)
What is the long-term trend in American union membership?
In recent years, union membership has been falling.
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Get started for freeDo countries with a higher percentage of unionized workers usually have less growth in productivity because of strikes and other disruptions caused by the unions? Why or why not?
Given the decline in union membership over the past 50 years, what does the theory of bilateral monopoly suggest will have happened to the equilibrium level of wages over time? Why?
If the United States allows a greater quantity of highly skilled workers, what will be the impact on the average wages of highly skilled employees?
What is the marginal cost of labor for a firm that operates in a competitive labor market? How does this compare with the MCL for a monopsony?
What factors can explain the relatively small effect of low-skilled immigration on the wages of low-skilled workers?
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