Unions Support Increasing the Minimum Wage Rate Because

question 71

Multiple Choice

Unions support increasing the minimum wage rate because

• A)they want to encourage employment among the poor.
• B)they believe in a living wage rate.
• C)this will decrease the supply of labour in their industry.
• D)this will increase the demand for union labour in their industry.
• E)all of society gains from a higher minimum wage rate.

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Definitions:

Labour Content

The total amount of work required to produce a good or service, often measured in terms of time or labor hours.

Incentive Plans

Programs designed to motivate and reward employees for reaching or exceeding their performance targets.

Staffing Needs

The requirements an organization has for the quantity and quality of workforce to meet its objectives and deliver on its strategies.

Average Observed Time

The mean time recorded for a given task or process, based on measurements taken over a series of observations or operations.