Even in the absence of collective bargaining, workers do have
some bargaining power that allows them to receive wages higher than
their reservation wage. Each worker’s bargaining power depends both
on the nature of the job and on the economy-wide labor market
conditions.
(a) Compare the job of a delivery person to a computer network
administrator. Which of these jobs does a worker have more
bargaining power? Why?
(b) For any given job, how do labor market conditions (like high...