Analyze the effects on wages and employment

Reference no: EM1373787

Based on economist Albert Rees, there is evidence that contracts sometimes exist "among employers not to increase wages individually or not to employee away each other's workers...Except in the unusual case of professional sports, however, these agreements must be very difficult to enforce.

Examine the effects on wages and employment of such contracts. Also, indicate some of the reasons why they may be difficult to enforce.

Reference no: EM1373787

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