Trade Union Influence on Wages and Employment (AQA A-Level Economics): Flashcards

Workers join together to protect/improve conditions & pay

Unions & employers negotiate wages & employment conditions

Monopoly suppliers of labour

Industries protected from international competition

Raise wages but reduce employment

Classical or real-wage unemployment

Workplace where only union members can be employed

Only one buyer of labour

Can raise both wage rate and employment

7% requested, 3% offered