Private-sector strikes and lockouts typically end because
A) the federal government intervenes with a back-to-work order.
B) the parties eventually tire of bickering.
C) they are costly in terms of lost profits and lost wage income.
D) the parties rely heavily on outside arbitration.

Question

Quizplus · Accepted Answer

Private-sector strikes and lockouts are typically resolved when the parties involved realize the high costs associated with lost profits and lost wage income. It becomes financially unsustainable to continue the work stoppage, prompting negotiations and a resolution to the dispute. While arbitration and government intervention may also be factors, cost considerations play a significant role in ending strikes and lockouts in the private sector.

Private-Sector Strikes and Lockouts Typically End Because