Unveiling Wage Disparities: How Unions and Firm Size Impact Earnings
The article explores why wage differences persist in the job market, despite theories suggesting they shouldn't. Factors like competition, trade unions, and firm size all play a role in determining wages. The researchers studied how wages and earnings changed in Baroda city's industrial sector, focusing on skill-based differences, plant size variations, real wage changes, and employment shifts. They found that factors like skill level, firm size, and trade unions can significantly impact wage rates in the local labor market.