Employers Prefer Decentralized Bargaining Structures Because It Causes Local Unions

question 107

Short Answer

Employers prefer decentralized bargaining structures because it causes local unions to have to compete with each other for jobs which drives down their wages. This is known as ______________________________.

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Definitions:

Balancing Point

A point at which a system, object, or decision is in a state of equilibrium or balance, often used metaphorically to refer to fair or stable situations.

Deviations

Differences between observed values and the average or expected values in a data set.

Median

The middle value of a data set, where half the numbers are below and half are above this value.

Mean

The average of a set of numbers, calculated by summing all the numbers and then dividing by the count of those numbers.