A Number of Economists Have Estimated the Impact of Unionization

question 51

Multiple Choice

A number of economists have estimated the impact of unionization on workers' wages.Which of the following is one conclusion reached by these studies?

• A)Union workers earn less than they would if they were not unionized. This is because of the impact of workers' strikes, during which union members do not receive wages.
• B)Holding constant the impact of other factors that affect wages, being in a union has no impact on a worker's wages.
• C)Being in a union increases a worker's wages by about 10 percent, holding constant other factors that influence wages.
• D)The share of national income received by workers has increased significantly over time; unions have been responsible for about one-half of the increase in workers' share of national income from the end of World War II to 2000.

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Definitions:

Job Satisfaction

The level of contentment or happiness an individual feels regarding their job, influenced by factors like work environment, pay, and perceived value.

Power Inequalities

Disparities in control, authority, or influence among individuals or groups within a society or organization.

Uncertainty Avoidance Cultures

Societies that have a low tolerance for ambiguity and uncertainty, often relying on strict rules and procedures to manage situations.

Long-Term Employment

A work arrangement where an employee is engaged with an organization for an extended period, often leading to greater job security and benefits.