Which of the following is True regarding the U.S. economic environment of labor relations since 1960?

A) Economic upturns are associated with concession bargaining.
B) Globalization has decreased.
C) Real wages for high school graduates has been stagnant since the 1970s.
D) the earnings gap between high school graduates and college graduates has decreased.

Concession Bargaining

Negotiations where labor unions agree to give up previous benefits or wage increases to help a company reduce costs under economic pressure.

Globalization

The process by which businesses and other organizations develop international influence or start operating on an international scale.

Real Wages

Wages adjusted for inflation, reflecting the true purchasing power of the income received by workers.