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Firms management to increase the hourly wage rate

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How could union members' current annual incomes decline on net even if a long-lived strike induces a firm's management to increase the hourly wage rate?

Sometimes union memberships coordinate work stoppages when all workers call in sick. From an economic standpoint, is there any difference between coordinated sickday work stoppages and strikes? Explain

Reference no: EM13817170

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