Asked by Timofei Bolshev on May 20, 2024
Verified
Private-sector strikes and lockouts typically end because:
A) the federal government intervenes with a "back-to-work" order.
B) the parties eventually tire of bickering.
C) they are costly in terms of lost profits and lost wage income.
D) the parties rely heavily on outside arbitration.
Strikes
Work stoppages initiated by employees to protest against labor conditions, policies of their employers, or to demand higher wages and benefits.
Lockouts
A labor relation strategy where employers prevent employees from working during a dispute, typically to enforce terms of employment.
Lost Profits
Lost profits are potential earnings that a business did not realize due to certain events, disruptions, or decisions that impacted its operations negatively.
- Analyze the impact of strikes and lockouts on employees, businesses, and the overall economic landscape.
Verified Answer
SK
Sunny KaushalMay 24, 2024
Final Answer :
C
Explanation :
Private-sector strikes and lockouts are costly in terms of lost profits and lost wage income, which eventually motivates the parties to reach an agreement and end the strike or lockout. The federal government may intervene with "back-to-work" orders in some cases, but this is not the typical way in which private-sector strikes and lockouts end. The parties may rely on outside arbitration as a means of resolving their dispute, but this too is not the most common way in which private-sector strikes and lockouts end. While the parties may tire of bickering, this is not typically the main reason why private-sector strikes and lockouts end.
Learning Objectives
- Analyze the impact of strikes and lockouts on employees, businesses, and the overall economic landscape.