Describe the Different Approaches to Collective Bargaining Proposed by Richard

question 61

Essay

Describe the different approaches to collective bargaining proposed by Richard Walton and Robert McKersie,giving examples wherever possible.

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Definitions:

Perfect Equality Line

In the context of income distribution, a theoretical line indicating equal income or wealth distribution among all participants.

Points

In various contexts, a measurement or scoring method used to quantify achievements, progress, or certain financial transactions, such as credit card rewards.

Income Mobility

Movement of individuals and families either up or down income-distribution rankings when comparisons are made at two different points in time. When substantial income mobility is present, a person’s current position in the rankings will not be a very good indicator of what his or her position will be a few years in the future.

Income Inequality

The uneven distribution of income within a population, leading to disparities between the wealth of different groups.