jimabi10 jimabi10

30-06-2024
Business

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ECON 2106: Unions and Market Information

Identify four ways that unions try to increase demand for unionized workers.

Answer :

GinnyAnswer GinnyAnswer

30-06-2024

Final answer:

Unions increase demand for workers through training, productivity, consumer support, and labor supply control.

Explanation:

Unions attempt to increase demand for unionized workers through various strategies:

Encouraging investment in human capital: Unions push for training programs to enhance members' skills.
Increasing worker productivity: Unions promote efficiency to justify higher wages.
Promoting consumption of union-made products: By encouraging consumers to support unionized goods, demand for union workers can rise.
Restricting labor supply: Unions can control labor force growth and craft entry to elevate the value of union workers.

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