If contracts that call for high wages reduce employment opportunities?

by Carol B | Posted in Law & Ethics

Do drugged wage rates in such strongly unionized industries as bite the bullet and automobiles pull up the general level of wages in nonunionized, take down-wage industries? If you think they do, what is the process by which this occurs?

You have nailed the deceitful-edged nature of this issue. It seems unfair to pay low wages, but to ask for high wages strengthens the incentive to downsize, outsource or mechanize.







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