Among possible union strategies, the one that can both raise wages and add to employment is
A)restricting the supply of workers.
B)raising the demand curve for the product or for labor.
C)fixing the wage.
D)striking frequently.

Question

Quizplus · Accepted Answer

Raising the demand curve for the product or for labor can lead to both increased wages and employment. This can be achieved through collective bargaining with employers to provide better benefits and working conditions, supporting political candidates and policies that promote job growth and worker protections, and organizing boycotts or other consumer actions to pressure companies to improve labor standards. Restricting the supply of workers (option A) can raise wages for union members but can also lead to higher unemployment for non-union workers. Fixing the wage (option C) may lead to higher wages but can also lead to reduced employment. Striking frequently (option D) can disrupt operations and potentially lead to concessions from employers, but can also harm the union's relationship with the employer and potentially result in job losses or replacement workers being brought in.

Among Possible Union Strategies, the One That Can Both Raise