Removing the caboose cause decline in total employment

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One of the demands of railroad in recent labor negotiations has been to eliminate the caboose from trains, cutting train crews from four to three. The unions have resisted this because of the loss of jobs. Are the unions right? Would removing the caboose cause a decline in total employment? Consider the short-run and long-run effects. What factors does the answer depend on?

Reference no: EM131094818

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