the intital equilibrium hourly wage is equal to $ 20 . the initial equilibrium level of employment is equal to 50 thousand workers. suppose an inclusive, or industrial, union organized all of the workers in this market. the union negotiates a wage of $32 per hour. at a wage of $32 per hour, 80 thousand workers are hired. at a wage of $32 per hour, thousand workers are unable to find jobs.

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07-10-2022
Business

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the intital equilibrium hourly wage is equal to $ 20 . the initial equilibrium level of employment is equal to 50 thousand workers. suppose an inclusive, or industrial, union organized all of the workers in this market. the union negotiates a wage of $32 per hour. at a wage of $32 per hour, 80 thousand workers are hired. at a wage of $32 per hour, thousand workers are unable to find jobs.

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