Determine will unions be more likely to raise the wage

Reference no: EM13205030

Workers in Wet Seal and Forever 21 stores are considering forming unions in each store. The potential unions have information on labor demand. For Wet Seal, when the wage rises from $8 to $10, Wet Seal will reduce labor demand from 800 to 700. For Forever 21, when the wage rises from $11 to $14, Forever 21 will reduce labor demand from 1,000 to 600. For which set of workers (Wet Seal or Forever 21) will unions be more likely to raise the wage with a smaller reduction in workers hired? Explain.

Reference no: EM13205030

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