Asked by Alejandro Bernal on Jul 25, 2024
Verified
Which of the following statements is correct?
A) There is clear evidence that unions have increased the average level of real wage rates for all workers.
B) When fringe benefits are taken into account,the overall compensation of union and nonunion workers is equal.
C) Approximately 10 percent of all work time is lost annually because of strikes.
D) There were 19 major work stoppages in the United States in 2011.
Real Wage Rates
Real wage rates refer to the wages received by workers adjusted for inflation, indicating the purchasing power of the income earned.
Fringe Benefits
Fringe benefits are additional compensation provided to employees beyond their regular salary or wages, which can include health insurance, retirement benefits, paid vacations, and more.
Work Stoppages
The cessation of work by workers, often collectively, to protest working conditions, wages, or other labor disputes.
- Examine the outcomes of strikes and lockouts on workers, employers, and the broader economy.
Verified Answer
ZK
Zybrea KnightAug 01, 2024
Final Answer :
D
Explanation :
The correct statement is D, which provides a specific, verifiable fact about the number of major work stoppages in the United States in 2011. The other statements (A, B, C) are either too broad, lack specificity, or are inaccurate in representing the complexities of labor economics and the impact of unions on wages, benefits, and work time lost due to strikes.
Learning Objectives
- Examine the outcomes of strikes and lockouts on workers, employers, and the broader economy.