Question

In: Economics

According to Anderson, can high wages and extensive benefits be coercive? A. No, all labor agreements...

According to Anderson, can high wages and extensive benefits be coercive?

A. No, all labor agreements are voluntary, a worker can always quit their job if they don't like the condition imposed by the employer.

B. Yes, highly paid workers must give employers extensive power over their lives or be fire, and the financial cost of losing the job increases in accord with pay.

C. Yes, because people who are highly paid need that much money to be able to get by, so it's not a free choice.

D. No, the employer is the one who lacks freedom, they don't want to pay high wages, but must do so because it is demanded by the workers.

Solutions

Expert Solution

A. No, all labor agreements are voluntary, a worker can always quit their job if they don't like the condition imposed by the employer.

Reason

All labor contract is voluntary in nature, so one can quit his job if he/she feels that it is a coercive job and he/she is to work harder than he expected, there is no compulsion.


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