The macroeconomic purpose of wealth redistribution could be achieved by replacing individual bargaining with collective bargaining through unions.

Question

Quizplus · Accepted Answer

Wealth redistribution aims at reducing income inequality and promoting a fairer distribution of resources. Collective bargaining through unions allows workers to negotiate better wages and benefits as a group, which can lead to more equitable income distribution. Therefore, replacing individual bargaining with collective bargaining could help achieve the macroeconomic purpose of wealth redistribution.

The Macroeconomic Purpose of Wealth Redistribution Could Be Achieved by Replacing