Demand-Enhancement Model Exclusive or Craft Union Model Inclusive or Industrial Union Model ©...
-
Upload
marion-rodgers -
Category
Documents
-
view
221 -
download
0
Transcript of Demand-Enhancement Model Exclusive or Craft Union Model Inclusive or Industrial Union Model ©...
![Page 1: Demand-Enhancement Model Exclusive or Craft Union Model Inclusive or Industrial Union Model © 2013 McGraw-Hill Ryerson Ltd. Chapter 14, LO4 1.](https://reader030.fdocuments.us/reader030/viewer/2022033101/56649e7c5503460f94b7e9de/html5/thumbnails/1.jpg)
Demand-Enhancement ModelExclusive or Craft Union Model Inclusive or Industrial Union Model
© 2013 McGraw-Hill Ryerson Ltd. Chapter 14, LO4 1
![Page 2: Demand-Enhancement Model Exclusive or Craft Union Model Inclusive or Industrial Union Model © 2013 McGraw-Hill Ryerson Ltd. Chapter 14, LO4 1.](https://reader030.fdocuments.us/reader030/viewer/2022033101/56649e7c5503460f94b7e9de/html5/thumbnails/2.jpg)
Wag
e R
ate
(D
ollars
)
Quantity of Labour
Wu
Qc Qu
Wc
D1
D2
S
IncreaseIn Demand
LO4 13-2
Union can increase product demand by altering price of other inputs
© 2013 McGraw-Hill Ryerson Ltd.
Chapter 14uu, LO42
![Page 3: Demand-Enhancement Model Exclusive or Craft Union Model Inclusive or Industrial Union Model © 2013 McGraw-Hill Ryerson Ltd. Chapter 14, LO4 1.](https://reader030.fdocuments.us/reader030/viewer/2022033101/56649e7c5503460f94b7e9de/html5/thumbnails/3.jpg)
Effectively reduce supply of labor Restrict immigration Reduce child labor Compulsory retirement Shorter workweek
Exclusive unionismOccupational licensing
LO4 13-3
© 2013 McGraw-Hill Ryerson Ltd. Chapter 14, LO4 3
![Page 4: Demand-Enhancement Model Exclusive or Craft Union Model Inclusive or Industrial Union Model © 2013 McGraw-Hill Ryerson Ltd. Chapter 14, LO4 1.](https://reader030.fdocuments.us/reader030/viewer/2022033101/56649e7c5503460f94b7e9de/html5/thumbnails/4.jpg)
Wag
e R
ate
(D
ollars
)
Quantity of Labour
D
S1
Qc
Wc
S2
Wu
Qu
DecreaseIn Supply
LO4 13-4© 2013 McGraw-Hill Ryerson Ltd. Chapter 14, LO4 4
![Page 5: Demand-Enhancement Model Exclusive or Craft Union Model Inclusive or Industrial Union Model © 2013 McGraw-Hill Ryerson Ltd. Chapter 14, LO4 1.](https://reader030.fdocuments.us/reader030/viewer/2022033101/56649e7c5503460f94b7e9de/html5/thumbnails/5.jpg)
Union controls the labour supply
Wag
e R
ate
(D
ollars
)
Quantity of Labour
D
S
Qc
Wc
Wu
Qu Qe
a be
LO4 13-5© 2013 McGraw-Hill Ryerson Ltd. Chapter 14, LO4 5
![Page 6: Demand-Enhancement Model Exclusive or Craft Union Model Inclusive or Industrial Union Model © 2013 McGraw-Hill Ryerson Ltd. Chapter 14, LO4 1.](https://reader030.fdocuments.us/reader030/viewer/2022033101/56649e7c5503460f94b7e9de/html5/thumbnails/6.jpg)
Are unions successful? Wages 15% higher on average
Consequences: Higher unemployment Restricted ability to demand higher
wages
LO4 13-6
© 2013 McGraw-Hill Ryerson Ltd. Chapter 14, LO4 6
![Page 7: Demand-Enhancement Model Exclusive or Craft Union Model Inclusive or Industrial Union Model © 2013 McGraw-Hill Ryerson Ltd. Chapter 14, LO4 1.](https://reader030.fdocuments.us/reader030/viewer/2022033101/56649e7c5503460f94b7e9de/html5/thumbnails/7.jpg)
Monopsony and inclusive unionism
Single buyer and sellerNot uncommonIndeterminate outcomeDesirability
LO4 13-7
© 2013 McGraw-Hill Ryerson Ltd. Chapter 14, LO4 7
![Page 8: Demand-Enhancement Model Exclusive or Craft Union Model Inclusive or Industrial Union Model © 2013 McGraw-Hill Ryerson Ltd. Chapter 14, LO4 1.](https://reader030.fdocuments.us/reader030/viewer/2022033101/56649e7c5503460f94b7e9de/html5/thumbnails/8.jpg)
LO4
Wag
e R
ate
(D
ollars
)
Quantity of Labour
D=MRP
S
Qc
Wc
Wu
Qu=Qm
MRC
Wm
a
13-8
© 2013 McGraw-Hill Ryerson Ltd. Chapter 14, LO4 8