In 2020 in the United States, only about 10.8% of all workers belonged to a labor union. If union membership among workers increased to about 30% (roughly where it was in the 1950s in the US), what effect would we expect this to have? less bargaining power for workers O lower profit share of total income increased income inequality O increased racial and ethnic inequality

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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In 2020 in the United States, only about 10.8% of all workers belonged to a labor
union. If union membership among workers increased to about 30% (roughly where it
was in the 1950s in the US), what effect would we expect this to have?
less bargaining power for workers
O lower profit share of total income
increased income inequality
O increased racial and ethnic inequality
Transcribed Image Text:In 2020 in the United States, only about 10.8% of all workers belonged to a labor union. If union membership among workers increased to about 30% (roughly where it was in the 1950s in the US), what effect would we expect this to have? less bargaining power for workers O lower profit share of total income increased income inequality O increased racial and ethnic inequality
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