What is the basic factor in wage determination by union and management?
A)The corpus of labor legislation and judicial decisions.
B)The welfare of the consumer.
C)The bargaining strength and skill of both parties.
D)The welfare of the nation.
E)The fear that Congress will pass unfavorable legislation.

Question

Quizplus · Accepted Answer

The basic factor in wage determination by union and management is the bargaining strength and skill of both parties. The ability to negotiate and reach a compromise on wages and benefits is essential for both union and management to achieve their respective goals. This can be influenced by factors such as the demand for labor, the competitiveness of the industry or sector, and the overall economic conditions. However, ultimately it is the bargaining power and efficacy of each party that determines the outcome of wage negotiations.

What Is the Basic Factor in Wage Determination by Union