What Is an Industrial Effect of Unions on Pay Level

question 5

Multiple Choice

What is an industrial effect of unions on pay level?

• A) Union workers are paid lesser than nonunion workers on an average.
• B) Industries having highest union wage premium had the lowest employment decrease in the 1970s.
• C) Unions are able to bargain larger-than-normal increase in firms that created specific assets.
• D) Wage premiums come with cost to labor making the firms less profitable.

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