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Although the Overall Number of Union Members in the United

question 38

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Although the overall number of union members in the United States has decreased since the 1960s,the proportion of all employees who are union members has increased.Today,about 15 percent of all U.S.employees belong to unions or employee associations.


Definitions:

Earnings Alteration

Changes or modifications to the amount of money earned by an individual or company.

Rental Price

The amount of money paid periodically for the use of an asset, property, or piece of equipment.

Marginal Product

The additional output generated by employing one more unit of a particular input, holding all other inputs constant.

Market Comparison

The analysis and evaluation of a company's performance, products, or services against those of its competitors within the same industry or market.

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