Is there a union wage advantage?
What will be an ideal response?
The research shows that unions have increased the wages of their members relative to the wages of nonunion members (by about 15%). Unions, however, have had little or no effect on the average level of real wages in the economy. The reason for this result is that unions are still a relatively small part of the labor force. Also, the higher pay for union workers may have come at the expense of nonunion workers.
You might also like to view...
According to the Application, the argument that the broken window is good for society
A) works in the Keynesian world when the economy is operating below full employment. B) never works in the Keynesian or classical worlds regardless of where the economy is operating relative to full employment. C) works in the classical world when the economy is operating at full employment. D) works in both the Keynesian and classical worlds regardless of where the economy is operating relative to full employment.
In recent years, U.S. exports have exceeded U.S. imports
Indicate whether the statement is true or false
A mathematical formula for the deficit would be
a. C + I + G ? Transfers + Taxes b. C + I + G + Transfers ? Taxes c. I + G + Transfers ? Taxes d. G + Transfers ? Taxes
Which of the following properly ranks the size of tax revenues received by the federal government from highest to lowest?
A. Corporate taxes, Social Security payroll taxes, income taxes, and excise taxes. B. Social Security payroll taxes, excise taxes, corporate taxes, and income taxes. C. Income taxes, Social Security payroll taxes, corporate taxes, and excise taxes. D. Excise taxes, Social Security payroll taxes, income taxes, and corporate taxes.