Harold Levinson suggested that the relative wage advantage associated with belonging to a union has historically been greatest:
During periods of accelerating inflation and low unemployment
During periods of low unemployment and an anti-labor government
During periods of low unemployment and a pro-labor government
During periods of high unemployment and an anti-labor government
During periods of high unemployment and a pro-labor government
Harold Levinson suggested that the relative wage advantage associated with belonging to a union has historically been greatest:
During periods of accelerating inflation and low unemployment.
During the period of accelerated inflation, industries tend to hire less workers or no workers as they have to pay higher price than the current workers. At this point the labour unions try to press for an increase in the percentage of their wages, thus giving them a wage advantage.
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