Labor unions create ________ unemployment at the higher end of the wage ladder.

Name: Labor unions create ________ unemployment at the higher end of the wage ladder.
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Question

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Labor unions can lead to structural unemployment at the higher end of the wage ladder because they often negotiate for higher wages than the market equilibrium, which can result in employers hiring fewer workers or replacing labor with technology, thus creating mismatches in the labor market.

Labor Unions Create ________ Unemployment at the Higher End of the Wage