A study tracking organizing success after passage of the _____ found organized firms had about a 20 percent lower rate of return to shareholders than firms remaining nonunion.
A) McCarran-Ferguson Act
B) Wagner Act
C) Railway Labor Act
D) Taft-Hartley Act

Question

Quizplus · Accepted Answer

The Wagner Act, also known as the National Labor Relations Act of 1935, significantly strengthened labor unions and their ability to organize. This legislation made it easier for unions to form and bargain collectively, which could lead to increased labor costs for firms, potentially explaining the lower rate of return to shareholders in organized firms compared to nonunion ones.

A Study Tracking Organizing Success After Passage of the _____