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Labor unions face many challenges-including changing technology, foreign competition, and declining membership. But one union occupation thrives-dockworkers. The 100,000 members of the two longshoremen unions handle nearly every item or shipping container that enters or leaves any U.S. port. With salaries averaging more than $120,000 a year, longshoremen are the highest-paid blue-collar workers in the nation, if not the world. Dock foremen average nearly $200,000 a year-more than most lawyers and physicians. At the South Carolina port of Charleston, for example, union pay is triple that of auto mechanics and truck drivers and is four times that of firefighters. The supply of applicants for dock jobs is great. When the port of Los Angeles needed 3,000 more union workers, over 300,000 applied, many of them college graduates (jobs were awarded by lottery). Why? Be sure to explain both the general situation faced by most unions, and the special circumstances of dock workers
One of the basic premises of a capitalistic economy is ownership of private property. This comprises the ownership of private firms, in part or in entirety.
Since Fall of 2012, the price of oil has shown a steady decline as continued increase of global oil production that has far exceeded the rising demand for oil. Accordingly, many analysts in the energy field have had predicted the likelihood of fur..
Determine the pros and cons of a company that competes in a global environment and how do you think this has affected United States economy and global economy?
Bush called for the United States to reduce its gasoline consumption by 20% in the next decade. He proposed an increase in ethanol produced from corn and the stalks and leaves from corn and other grasses. What is the likely impact of these two eve..
How much does Korea gain and what is the range for the terms of trade for mutually beneficial trade
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Describe what happens to the price of a bond that pays a fixed percent of the face value every year when interest rates in the economy raise and Discuss the advantages of the Fed increasing interest rates when the GDP gap is positive
Asssume that, from an initial equilibrium position in offer curve diagram, country I imposes a tariff on country II's export good at same time that customers in country II
Doug Wyatt is a currency trader for Global Currency Exchange Corporation Wyatt has compiled the following data concerning the U.S. dollar or Australian dollar exchange rate.
Discuss and explain the major provisions of the North American Free trade Area (NAFTA) agreement. Briefly discuss the major benefits of NAFTA to the U.S. economy.
Its the spring of 2002. You are an economist on President Bush's council of economic advisors. Congress is considering legislation, called the "2002 Farm Bill," that would increase subsidies to US farmers.
Suppose one company purchases another company. What issues might occur as they attempt to merge their respective performance management systems?
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