To increase the wages of its members, a labor union might attempt to
A)raise the elasticity of demand for its labor.
B)increase the demand for union labor.
C)increase the supply of union labor.
D)advocate for decreases in minimum wage.

Question

Quizplus · Accepted Answer

To increase wages, a labor union would need to increase demand for their labor. One way to do this would be to negotiate with employers for higher wages, better benefits, and safer working conditions. They could also advocate for laws and policies that support the rights of workers and ensure competitive wages. Ultimately, by increasing demand for union labor, they can create a more competitive job market where employers are willing to pay higher wages in order to attract skilled workers.

To Increase the Wages of Its Members, a Labor Union