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Wage bargaining is the negotiation process between employers and employees, often represented by unions, to determine the terms of employment, specifically wages and benefits. This process involves discussions on various factors such as pay rates, working conditions, and job security. The outcome can lead to collective agreements that outline the compensation and rights of workers within a specific organization or industry. Effective wage bargaining aims to balance the interests of both parties while promoting fair labor standards.
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Why does collective bargaining have the same general effect on unemployment as a minimum wage?
Collective bargaining and minimum wage laws both set a floor for wages, which can lead to increased labor costs for employers. As a result, some businesses may reduce hiring or lay off workers to manage these higher expenses, potentially leading to higher unemployment rates. Additionally, just as a minimum wage can limit employment opportunities for low-skilled workers, collective bargaining agreements can create similar barriers by establishing higher wage standards that may not align with market demand. Both mechanisms can thus have a comparable impact on overall employment levels.
Can a company lay you off and hire you back at minimum wage when you were making almost twice minimum wage when laid off?
If you are willing to go back to work for that, they can do that. If there is a collective bargaining agreement, there may be alternatives.
What has the author Harold Myer Levinson written?
Harold Myer Levinson has written: 'Collective bargaining by public employees in Sweden' -- subject(s): Collective bargaining, Government employees 'Unionism, wage trends, and income distribution, 1914-1947' -- subject(s): Income, Labor unions, Wages 'Collective bargaining by British local authority employees' -- subject(s): Collective bargaining, Local officials and employees
What has the author Richard S Belous written?
Richard S Belous has written: 'Wage restraints in the 1980s' -- subject(s): Wages, Industrial relations, Statistics, Manufacturing industries, Collective bargaining, Wage-price policy, Labor market 'Two-tier wage systems in the U.S. economy' -- subject(s): Two-tier wage payment systems
What are the 3 theories of wage determination?
The three main theories of wage determination are the marginal productivity theory, the bargaining theory, and the efficiency wage theory. The marginal productivity theory posits that wages are determined by the value of the additional output generated by an employee. The bargaining theory suggests that wages result from negotiations between employers and employees, influenced by factors like labor market conditions and union presence. The efficiency wage theory argues that higher wages can lead to increased productivity and lower turnover, as employers seek to incentivize better performance and attract more qualified workers.
When did Germany adopt its first minimum wage?
Germany adopted its first nationwide minimum wage on January 1, 2015. Prior to this, minimum wages were set through collective bargaining agreements in various sectors. The introduction of a universal minimum wage aimed to ensure a basic income level for workers across the country. The minimum wage was initially set at €8.50 per hour.
Types of collective bargaining?
The types of bargaining in collective bargaining include distributive, cooperative, and productive. Each plays a key role in determining the specific terms and results of the bargaining process.
Can wage rate be determined in a bilateral monopoly?
In a bilateral monopoly, where a single buyer (monopsonist) and a single seller (monopolist) exist, the wage rate can be negotiated between the two parties. The wage will be influenced by the bargaining power of each side, market conditions, and the relative demand and supply for labor. Ultimately, the wage rate is not fixed and can vary depending on the outcome of the negotiation process between the buyer and seller.
Process of wage fixation and the machinery?
Wage fixation involves determining the appropriate level of pay for employees based on factors like job responsibilities, market rates, and employee performance. The process can be carried out through negotiations between employers and employees, collective bargaining agreements, government regulations, or through an independent wage-fixing machinery such as a wage board. This machinery typically includes expert panels or committees that assess various factors to set fair and competitive wage rates.
Is it reasonable for a college graduate to be paid minimum wage in an entry level position?
'Reasonable' is a matter of opinion. Employers will pay the lowest wage that they can get away with subject to the law, the labor supply and collective bargaining agreements. They don't have any choice - their competitors are doing the same thing.
What is the Procedure for fixation of pay in the promotions ordered in the same scales?
god only knows, n he did tell me- •Legislation •Tripartite bodies •Pay commission, wage boards •Collective bargaining
What has the author B P Guha written?
B. P. Guha has written: 'Wage movement in Indian industries' -- subject(s): Wages, Collective bargaining, Collective labor agreements
