One thought on “What are the economic implications of union wage
bargaining for workers, firms, and society?”
Arti says:
National Institute of Economic and Social Research, UK National Institute of Economic and Social Research, UK Instead, he said, they simply
took the credit for what would have happened anyway. Instead, he said, they simply
took the credit for what would have happened anyway. However, toward
the end of the 20th century a consensus emerged that unions did
affect wages [1], [3]. Adam Smith in 1776
and Fleeming Jenkin in 1868 believed unions did raise wages, but
Milton Friedman in 1950 thought they had little effect, because they
could not affect the supply of labor. There is a long-standing debate as to
whether unions have any effect at all on wages.
National Institute of Economic and Social Research, UK National Institute of Economic and Social Research, UK Instead, he said, they simply
took the credit for what would have happened anyway. Instead, he said, they simply
took the credit for what would have happened anyway. However, toward
the end of the 20th century a consensus emerged that unions did
affect wages [1], [3]. Adam Smith in 1776
and Fleeming Jenkin in 1868 believed unions did raise wages, but
Milton Friedman in 1950 thought they had little effect, because they
could not affect the supply of labor. There is a long-standing debate as to
whether unions have any effect at all on wages.