Unions make a positive difference in wage levels, and this difference is greatest during recessionary periods and least during inflationary periods.

Question

Quizplus · Accepted Answer

Unions often negotiate for better wages and benefits, which can be more impactful during recessions when non-union wages may stagnate or decline. During inflationary periods, wage increases may not keep pace with rising costs, reducing the relative impact of union-negotiated wages.

Unions Make a Positive Difference in Wage Levels, and This