Economics, Econometrics and Finance
3 years ago

Higher union wages lead to lower unemployment rates, study finds.

Oxford University Press eBooks
Wage Bargaining and Unions
Richard Layard, Stephen Nickell, Richard Jackman

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Unions mainly negotiate wages and staffing levels, not total employment. Layoffs are usually up to the employer, but unions may discuss them if jobs are being cut. Higher wages from union bargaining can lead to less flexible demand for workers. Higher wages can also help lower unemployment rates.