Bargaining Power of Unions
November 8th, 2022
Which party (union or management) would likely be in a stronger position to bargain for its preferred wage outcome under the following conditions, and why?
1. high profits, an expanding market share, a healthy economy, and the cost of living rising less than two percent per year
2. low profits, stagnant sales growth, uncertain economic conditions, and a projected four percent annual rise in cost of living
Please apa in text cite and reference
Holley, W. H., Jr., Jennings, K. M., & Wolters, R. S. (2012). The labor relations process (10th ed.). Mason, OH: SouthWestern.