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First of all, a union can't "make" anything happen. A union negotiates with an employer; the two agree to a wage increase.
Inflation goes up, cost of living goes up, cost of goods goes up, cost of insurance goes up, companies raises the cost of products produced, companies look for labor out side of the country, companies find cheaper labor abroad, companies reduce workforce, company closes a few factories, company sends more jobs out of the country, company closes more factories, union empoyees lose jobs, union disloves, company closes all operations in the US, changes name to Oragami inc. unemployment rate goes up. Unemployed that formaly worked for the company increase the tax burden on the rest of the nation, medical costs go up because of the burden, welfare and unemployment goes broke, country goes into ressesion, prison population goes up.......etc...etc.....Its a vicious circle.
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When firms begin to pay higher wages to keep their current employees and attract new employees what happens as a result of the increased wages?
Prices of goods and services increase, leading to an economic slowdown.
An increase in the supply of labor will?
In a free-market an increase in the supply of labor will reduce wages and increase unemployment. It will also lower the price of produced goods as wages decrease. This effect is complicated by minimum wage laws. If wages cannot decrease due to legislation the effect will simply be an increase in unemployment and prices in the short run will remain static. If the population increase is significant it is possible for the price of goods to increase due to the increased demand for consumer goods.
What most likely to lead to an increase in wages?
The formation of a labor union
How does an increase in wages affect a firms marginal cost curve?
Bbg
How does capital deepening increase output per workers?
Increase in capital per worker does increase real wages. The higher the productivity, the higher the standards of living.
What happens to nominal wages as employment increases?
wages should increase as employment increases.
What happens when workers join labor unions?
Generally what happens is an increase in wages and benefits. There are other possible consequences as well.
Does an increase in wages payable increase or decrease cash flow?
Increase in wages payable will increase in cash flow because cash is not paid.
When firms begin to pay higher wages to keep their current employees and attract new employees what happens as a result of the increased wages?
Prices of goods and services increase, leading to an economic slowdown.
When there is an increase in the wages the banking industry offers accountants. What happens to the supply of accountants available to other industries?
the supply to other industries falls.
What did The Ford idea had to do with?
which was to increase the wages
Your wages went from 7.50 to 8.25 what is your percent increase?
10% increase.
What is the percentage increase from wages of 17000 to 38000?
+123.53%
When might a company be criticized for its lack of corporate social responsibility Answer apex after cutting wages and benefits in order to increase profit?
After cutting wages and benefits in order to increase profit
An increase in the supply of labor will?
In a free-market an increase in the supply of labor will reduce wages and increase unemployment. It will also lower the price of produced goods as wages decrease. This effect is complicated by minimum wage laws. If wages cannot decrease due to legislation the effect will simply be an increase in unemployment and prices in the short run will remain static. If the population increase is significant it is possible for the price of goods to increase due to the increased demand for consumer goods.
Because immigration can result in an increase in the supply of labor immigration can result in what?
A general decrease in wages. - Apex
What most likely to lead to an increase in wages?
The formation of a labor union
