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-Refer to the above figure. If the union wants to maximize the total income of its members who work, it will set wages at
Effective Tools
Instruments or methodologies that have been proven to efficiently accomplish a task or achieve a specific outcome.
Union Contract
A legally binding agreement between a union representing employees and their employer, outlining wages, working conditions, and other employment terms.
Grievance
Formal complaint filed by an employee or a union that management is violating some provision of a union contract.
Mediation
Dispute resolution process that uses a third party, called a mediator, to make recommendations for settling labor–management differences.
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