An exclusive or craft union tries to raise wages by restricting labor supply through certification, licensure, and apprenticeships.

Question

Quizplus · Accepted Answer

An exclusive or craft union aims to increase wages for its members by limiting the supply of labor in their field through mechanisms such as certification, licensure, and apprenticeship programs, ensuring that only qualified and trained individuals can perform the work.

An Exclusive or Craft Union Tries to Raise Wages by Restricting