Critics of Labor Unions Argue That Unions Are No Longer

question 51

Multiple Choice

Critics of labor unions argue that unions are no longer needed to protect workers from abusive and unfair treatment because

• A) the widespread use of ESOPs has given most workers control over their workplace.
• B) supply and demand conditions in labor markets now favor labor rather than management.
• C) laws and modern management attitudes minimize the possibility of unsafe working conditions and unfair treatment of workers found in earlier eras.
• D) most of the firms that treated workers poorly have moved their operations to foreign countries.

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Definitions:

Industry

Refers to the production of goods or related services within an economy, characterized by the specific sector or type of business.

Economic Health

The condition of an economy, often assessed through indicators such as GDP growth, unemployment rates, and inflation, reflecting overall prosperity and stability.

Convertible Debt

A form of short-term borrowing that can be converted into equity, typically by a private company or startup.

Investors

Individuals or entities that allocate capital with the expectation of receiving financial returns, often involving contributions to business ventures or the purchase of financial assets.