The International Brotherhood of Basketweavers wishes that raises for union members keep up with inflation.They should negotiate for a(n)________.

Question

Quizplus · Accepted Answer

The International Brotherhood of Basketweavers should negotiate for a COLA (Cost-of-Living Adjustment) to ensure that the raises given to union members keep up with inflation. A COLA is a provision in a contract that adjusts wages based on changes in the cost of living index. This would help ensure that union members are not facing a decrease in purchasing power due to inflation. Escalation and lockout are not relevant in this context, and a new contract may not be necessary if the existing contract includes provisions for a COLA.

The International Brotherhood of Basketweavers Wishes That Raises for Union