Strikes are expensive for

Question

Quizplus · Accepted Answer

Strikes are expensive for workers because their income falls, employers because their revenue falls, and the public because output falls. It can also have broader economic effects in terms of disrupting supply chains and causing businesses to lose customers, which can impact overall economic growth. Additionally, workers who are compensated by the union for lost income may receive less than they would have earned had they continued working, and employers may face additional costs from hiring replacement workers or implementing contingency plans during the strike. Therefore, strikes can have negative consequences for all parties involved.

Strikes Are Expensive for