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What else can I help you with?
When is there an equilibrium wage?
When there is no excess in demand for workers and in supply of workers (By Solomon Zelman)
How to determine the collective demand for a public good?
Add up the individual demands
How the analysis of demand contributes to business decision making?
analysis of demand contribute to business decision making
What is the result of a high equilibrium wage?
an extra demand for workers
What is the result of high equilibrium wage?
an extra demand for workers
Why did workers demand collective bargaining and why did business owners opose it?
Collective bargaining allows the workers to negotiate on a fair playing field. I have been a negotiator and employers often do things to the stymie the negotiations.
Why did workers demand collective bargaining and Why did business owners oppose bargaining?
That all the workers acting collectively or together had much a greater chance of success in negotiating with management and the owners want to go out of business if getting bargains
How does business taxes cause a decrease in aggregate demand?
it doesn't. it raises AD because business now have higher profit margin and so produce more which means they hire more workers and more money ends up in workers' collective pockets which means AD shifts right.
Why did workers demand bargaining?
Collective bargaining gives workers more leverage to advance their needs. It also helps them consult widely before deciding the next course of action.
What attracted many African Americans to the north and medwest?
High demand for workers
What attracted many African American to the north and Midwest?
High demand for workers.
What was a lockout as a business tactic?
To prevent unionization, employers locked out workers from the workplace and hired replacements. It was a tactic to try to intimidate workers to not demand fair wages, benefits, and better (safe) work conditions.
How did industrialization lead to a decrease in the need for skilled workers?
The industrial revolution increased the demand for workers because they had created more jobs.
What are the 4 characteristics of business demand?
the 4 characteristics of business demand are derived demand, fluctuating demand, stimulating demand and finally demand elasticity!
What is significant about a pay strike?
A pay strike is significant as it represents workers' collective action to demand fair wages and better working conditions, highlighting underlying issues of economic inequality and labor rights. It can disrupt business operations and draw public attention to the plight of workers, potentially leading to negotiations and changes in labor policies. Additionally, pay strikes can galvanize solidarity among workers across different sectors, fostering a broader movement for social and economic justice.
What idea did business leaders fear that unions would spread?
Business leaders feared that unions would spread the idea of collective bargaining, which could empower workers to demand higher wages, better working conditions, and increased job security. They were particularly concerned about the potential for unions to foster class consciousness and solidarity among workers, leading to organized strikes and disruptions in production. Additionally, there was apprehension that unions could promote socialist or communist ideologies, threatening the capitalist structure of businesses.
How many workers are employed in the hand and edge tool business?
53,345 workers are employed in the industry.
