How can restricting entry into a union help boost members' wages without the union specifically setting wages?
Why might a union find that attaining the goal of employing all its members and the goal of maximizing total union wage receipts to be incompatible objectives?
Suppose union workers are earning more than similarly qualified nonunion workers. From this, we can conclude that A) unemployment of union workers must have increased. B) unemployment of nonunion workers must have increased. C) productivity of union workers must be greater than the productivity of nonunion workers. D) Any of the above are possible and we cannot tell which without having more information.
Which is NOT one of the potential benefits of labor unions? A) Unionism raises social efficiency. B) Unions appear to reduce wage inequality. C) Unions may reduce a company's profits. D) Unions may have contributed to safer working conditions.