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To get pay increases workers

Updated: 9/15/2023
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14y ago

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went on strike

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Q: To get pay increases workers
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If workers actively demand pay increases when the price level is rising and are willing to accept pay cuts when the price level is falling then the short-run aggregate supply curve would be?

Would it be horizontal


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How do younger workers pay for social security benefits to retired workers?

Younger workers pay for social security benefits to retired workers through payroll taxes. A portion of their wages is deducted and paid into the Social Security trust fund. These funds are then used to pay benefits to current retirees. When the younger workers themselves retire, the next generation of workers will contribute to their benefits.


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Have traditionally stressed seniority as thebasis for promotions and pay increases.


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