What negative impacts can unions have on industries and the economy?

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Quizplus · Accepted Answer

All of the answers are correct. Unions have been known to initiate worker strikes and sit-ins, which can cause delays in production and operations. By limiting the supply of labor in one industry, they can cause an increased supply of labor in other industries, which could contribute to lower wages in those industries. Unions may also limit firms to hiring only unionized workers, which could mean that firms are unable to find labor with the most appropriate skills. These negative impacts can have ripple effects on industries and the economy as a whole.

What Negative Impacts Can Unions Have on Industries and the Economy