Unions, which are similar to cartels, restrict the hiring of workers to keep their wages high.

Question

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Unions negotiate for better wages, benefits, and working conditions for their members, which can lead to higher wages compared to non-unionized jobs in the same industry. However, this can also restrict the hiring of new workers, as companies may be less willing to hire additional employees if they have to pay higher wages and benefits. This can result in unions functioning similarly to cartels, which restrict the supply of a product or service to keep prices high.

Unions, Which Are Similar to Cartels, Restrict the Hiring of Workers