Craft unions typically attempt to increase wage rates for their members by:
A) organizing all of the employees in a factory or industry.
B) opposing increases in the minimum wage that benefit nonunion workers.
C) supporting regulations and policies that increase the price of complementary resources.
D) restricting the supply of skilled workers through worker licensing and training requirements.

Question

Quizplus · Accepted Answer

Craft unions represent workers with specialized skills, so they seek to limit the supply of such workers, which increases their bargaining power and allows them to command higher wages. This is done through limiting entry into the profession through licensing requirements or extensive training programs, which restrict the supply of skilled labor and create barriers to entry for potential competitors.

Craft Unions Typically Attempt to Increase Wage Rates for Their