Which statement explains why unionized firms have more benefits than nonunion firms?
A) Union workers are more educated and can afford better benefits.
B) Voice enables unionized workers to achieve such benefits.
C) Arbitration awards grant better benefits.
D) Union workers, by law, are required to receive more benefits.

Question

Quizplus · Accepted Answer

Unionized workers have the power of collective bargaining, which allows them to negotiate with their employer for better pay, benefits, and working conditions. This negotiation process is often referred to as "voice" and is not available to nonunion workers. Therefore, unionized firms are more likely to have better benefits because their workers have the power to demand them through collective bargaining.

Which Statement Explains Why Unionized Firms Have More Benefits Than