A number of economists have estimated the impact of unionization on workers' wages.Which of the following is one conclusion reached by these studies?
A)Union workers earn less than they would if they were not unionized. This is because of the impact of workers' strikes, during which union members do not receive wages.
B)Holding constant the impact of other factors that affect wages, being in a union has no impact on a worker's wages.
C)Being in a union increases a worker's wages by about 10 percent, holding constant other factors that influence wages.
D)The share of national income received by workers has increased significantly over time; unions have been responsible for about one-half of the increase in workers' share of national income from the end of World War II to 2000.

Question

Quizplus · Accepted Answer

Several studies have found that being in a union increases a worker's wages by about 10 percent, holding constant other factors that influence wages. This conclusion is based on econometric analyses that compare wages and employment conditions of unionized and non-unionized workers, controlling for factors such as education, experience, occupation, and industry. While there may be some negative effects of unionization, such as higher wage demands during strikes, the overall impact of unions on wages appears to be positive.

A Number of Economists Have Estimated the Impact of Unionization