Collective bargaining refers to
A)the process by which the government sets exemptions from the minimum wage law.
B)setting the same wage for all employees to prevent jealousy among workers.
C)firms colluding to set the wages of employees in order to keep them below equilibrium.
D)the process by which unions and firms agree on the terms of employment.

Question

Quizplus · Accepted Answer

Collective bargaining is the process of negotiation between an employer and a group of employees, typically represented by a union, regarding the terms and conditions of employment, such as wages, benefits, working hours, and other workplace policies. It is a way for employees to have a say in their working conditions and a way for employers to reach an agreement with their workforce. Therefore, the best choice is D.

Collective Bargaining Refers to