The text discusses how graduate teaching assistants can now unionize.Unionization often occurs when employers
A)Have no market power.
B)Have monopsony power.
C)Pay wages above the market wage rate.
D)Offer too many fringe benefits to their employees.

Question

Quizplus · Accepted Answer

Unionization often occurs when employers have monopsony power, which refers to a situation where there is only one buyer (or employer) in the labor market, giving them significant control over wages and working conditions. Graduate teaching assistants may be seen as having limited job opportunities in a specific field and therefore may be subject to monopsony power from their university employers. Unionization can help to balance the power dynamic and improve working conditions. The other choices (A, C, and D) do not explain the reasons for unionization.

The Text Discusses How Graduate Teaching Assistants Can Now Unionize