maypc1636 maypc1636

09-05-2022
Social Studies

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What is the relationship between industrial workers and unemployment?

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kdeschene1 kdeschene1

09-05-2022

Answer:

Moreover, in search models with wage bargaining, workers have greater bargaining power when the unemployment rate is low, since turning down a job offer with a low wage is more palatable when the unemployment rate is low. 8 This generates a link between unemployment and wages.

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