Unions can increase their wage rates by:

Question

​Unions can increase their wage rates by:

Quizplus · Accepted Answer

Unions can use the threat of a strike to negotiate higher wages, as the prospect of a work stoppage can incentivize employers to offer better compensation packages in order to avoid disruptions to their operations. This tactic exploits the bargaining power that unions possess by virtue of their ability to coordinate collective action among their members. The other options listed are unlikely to result in higher wages for union workers - in fact, decreasing the supply or demand of union labor is more likely to lower wages, and decreasing the proportion of union workers in an industry would weaken the union's bargaining position. Similarly, reducing the demand for the product a union produces would likely lead to job losses rather than wage gains.

​Unions Can Increase Their Wage Rates By

Unions Can Increase Their Wage Rates By