Examlex
For a monopsonistic hirer of labor the gap between labor's marginal value product and its wage rate will be greater
Organization Survival
The ability of a company to continue operating and growing over the long term, facing competition, market changes, and environmental challenges.
Multiemployer Bargaining
A process where multiple employers negotiate collectively with a single labor union to establish one agreement that applies to all employers involved in the negotiation.
Local Level
Refers to actions, decisions, or events that occur within a smaller, localized area, often pertaining to community or municipal concerns.
Group Bargaining
The process by which employees, typically through unions, negotiate with employers collectively to establish terms of employment.
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