Assume that you are on the collective bargaining panel discussing the wage talks representing the employers....

Assume that you are on the collective bargaining panel discussing the wage talks representing the employers. What are some points you will use to defend the employers on why an increase of the wages above the inflation rate should be turned down as it is detrimental to the economy?

Expert Solution

Increasing the wages of the workers above the inflation rate may not produce real benefits in the longer run. As workers see their wages have risen, they will increase their purchases. Aggregate demand will rise and so will the price levels. Thus inflation will ultimately catch up and wipe all the real gains for the workers.

Increasing real wages will increase the cost of production for the firm. If the economy enters a downturn, this will be extremely problematic as the industry will be fighting for survival. Increased wages can not be turned back (workers can still accept constant wages but they will not accept falling wages) and this will create increased pressure on the firms. As a result, many will go out of business and increase their layoffs. This will impact the workers negativey as they are at a higher risk of losing jobs than would have been the case if wages increased in line with inflation.

Rahul Sunny answered 8 months ago

If you were a worker member of a union involved in collective bargaining for a new...

If you were a worker member of a union involved in collective bargaining for a new labor contract with management, and the union representatives and management representatives could not agree and were at an impasse, and your union representatives held a meeting of all the workers, including you, and presented the option to the workers to go on strike, discuss all of your concerns, both pro and con, as to whether you would vote to go on strike or to...

Iceland has no minimum wage. Instead, employers negotiate salaries with collective groups or unions who represent...

Iceland has no minimum wage. Instead, employers negotiate salaries with collective groups or unions who represent the employees. You must be 18 to work full-time in Iceland. However, mandatory school ends at age 16 and teen workers between the ages of 15 and 18 are highly unemployed. Salaries are high in Iceland because of the small population, universal health care, the high cost of living, and the fact that 88% of the population lives in and around the capital, Reykjavik....

Collective bargaining 1.Involves direct negotiations between labor unions and employers. 2.Takes place when unions compete to...

Collective bargaining 1.Involves direct negotiations between labor unions and employers. 2.Takes place when unions compete to see who should represent workers in a given industry. 3.Occurs when employers determine which union should represent their workers. 4.Is the process by which unions decide which company should be the focus of wage negotiations.

If you were the leader of a union during collective bargaining for a labor contract, which...

If you were the leader of a union during collective bargaining for a labor contract, which type of bargaining would you use? Would your approach be designed to get the best outcome for your workers or to be the most fair?

What impact do collective bargaining and unions and health care have on you as a health...

What impact do collective bargaining and unions and health care have on you as a health care professional Christian work what is the impact for the patient?

Should the collective bargaining rights of public employees be eliminated? Expanded? Why do you say that?...

Should the collective bargaining rights of public employees be eliminated? Expanded? Why do you say that? (Side note: The NC Constitution prohibits state workers from engaging in collective bargaining activities) Are right-to-work laws a good idea? Why or why not? The “historic bargain” that resulted in workers’ compensation laws occurred at a time (the early 1900’s) when there were almost no other employment laws and courts routinely ruled against workers with disabling injuries caused by their employers’ negligence. Is workers’...

Assume you are facing an interview at an audit firm. A member of the interview panel...

Assume you are facing an interview at an audit firm. A member of the interview panel asked you to justify the link between, moral intensity, ethical leadership, and organizational culture and how it will impact on the accounting firm? Craft a response that you feel comfortable by describing the characteristics of ethical leaders, the role of moral intensity in developing ethical organisations and evaluating the importance of ethical leadership in accounting firms with suitable examples.

Assume that you have an array of 100 elements representing the grades students are stored in...

Assume that you have an array of 100 elements representing the grades students are stored in memory. Suppose the grades are in IEEE single precision format. Write a MIPS program to compute the average of the students grades and store the result in register $f0. Assume the array base address is stored in register $s0 and a floating point value of 100 is stored in memory with it address given in register $s2.

Assume you have a variable, budget, that is associated with a positive integer. Assume you have another variable, shopping_list, that is a tuple of strings representing items to purchase in order of priority.

Assume you have a variable, budget, that is associated with a positive integer. Assume you have another variable, shopping_list, that is a tuple of strings representing items to purchase in order of priority. (For example: ("codelab", "textbook", "ipod", "cd", "bike")) Furthermore, assume you have a variable, prices that is a dictionary that maps items (strings such as those in your shopping_list) to positive integers that are the prices of the items. Write the necessary code to determine the number of...

Question