Labor unions may attempt to raise wage rates by

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Labor unions use their bargaining power to negotiate higher wages for their members. They can threaten employers with strikes, boycotts, or picket lines to achieve their goals. By doing so, they increase the bargaining power of individual workers, which allows them to demand higher wages than they would be able to get on their own. However, this can also lead to higher costs for employers, which may result in reduced demand for labor in the long run.

Labor Unions May Attempt to Raise Wage Rates by