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4 Sep 2018
Comment on each of the following statements:
a. "Unions tie the hands of management and inhibit efficient decision making."
b. "Unions contribute to economic efficiency in that union wage pressure hastens the weeding out of the high-cost, least efficient producers in each industry."
c. "Although unions may reduce wage inequality, to the extent that they reduce wage differentials based on individual merit and effort, the outcome may be rightly perceived as both inequitable and inefficient."
d. "Unions impair the efficiency of our economy indirectly by diminishing profits and thereby reducing investment and economic expansion."
Comment on each of the following statements:
a. "Unions tie the hands of management and inhibit efficient decision making."
b. "Unions contribute to economic efficiency in that union wage pressure hastens the weeding out of the high-cost, least efficient producers in each industry."
c. "Although unions may reduce wage inequality, to the extent that they reduce wage differentials based on individual merit and effort, the outcome may be rightly perceived as both inequitable and inefficient."
d. "Unions impair the efficiency of our economy indirectly by diminishing profits and thereby reducing investment and economic expansion."
1 Nov 2022
christopherc63Lv10
1 Nov 2022
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Irving HeathcoteLv2
6 Sep 2018
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