Give some explanations for the decline in union membership in the United States.
What will be an ideal response?
One reason unionization in the United States has been declining is the shift of the U.S. labor force into service industries and out of manufacturing. In addition, American workers’ preferences seem to have shifted away from unions. The increasing share of women in the labor force may have contributed to this trend because women have traditionally been less prone than men to join unions. Finally, American unions came under increasing pressure in the 1990s and early 2000s because of stronger competition both at home and abroad. In response, firms closed plants and eliminated jobs. This “downsizing” trend made it even more difficult for unions to win concessions that improve the economic positions of their members, which has reduced the attractiveness of union membership.
You might also like to view...
Fiat money is generally issued by
A) brokerage firms. B) private banks. C) major multinational corporations. D) central banks.
The discount rate refers to
A. the rate at which banks write off bad loans. B. the rate at which assets lose their real value as a result of inflation. C. the rate at which money loses its value as a result of inflation. D. the rate of interest that the Fed charges on loans to commercial banks and thrift institutions.
When Hughes and Cain (2011) say that workers lacked an "economic identity" until the middle decades of the 19th century, they mean all of the following except
(a) Earlier in U.S. history, most adults were self-employed and, therefore, did not think of themselves as having common interests with laborers possessing views that workers should position themselves against employers. (b) Earlier in U.S. history, production was carried out in shops within the guild structure. The tight relationships among apprentices, journeymen, and master encouraged workers to think of themselves as sharing interests with employers. (c) The establishment of the factory system and its large size increased the net benefits of separating the interests of the workers and employers. (d) Earlier in U.S. history, the laws forbade workers from organizing to promote their own interests and, therefore, labor could not achieve a recognized identity.
Refer to the above table. If the price of the good produced is $8, the marginal revenue product of the 12th worker is
A) $720 B) $800 C) $5520 D) $560