What is the reason behind the statement,"Today's global economy,combined with the elimination of anticompetitive regulations in several major industries,has reduced union bargaining power"?
A) The costs of increased benefits cannot readily be passed on to consumers.
B) Jobs in the global economy are associated with decreasing intellectual content.
C) Unions exert the highest influence on employment practices through spillovers than they did in the past.
D) The unions control labor supply on an international basis.

Question

Quizplus · Accepted Answer

The elimination of anticompetitive regulations in several major industries has increased competition and made it difficult for companies to raise prices, which means they cannot easily pass on the increased costs of providing benefits to their employees. This situation has reduced union bargaining power, as companies have less incentive to negotiate with unions and are more likely to adopt cost-cutting measures to remain competitive.

What Is the Reason Behind the Statement,"Today's Global Economy,combined with the Elimination