Union successfully negotiates wage rate

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Reference no: EM133641740

Question

Suppose a union successfully negotiates a wage rate for its members that is above the competitive wage rate, then employment in the union sector will increase. the union must find a way to make union workers more productive. the union must also negotiate a fringe-benefit package that the membership will like. the union must find a way to ration jobs among the excessive number of workers who wish to work at the negotiated wage.

Reference no: EM133641740

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