What is the purpose of a strike? What are the costs to workers and to management?

What will be an ideal response?

The purpose of a strike is to impose costs on management to force them to accept the union's proposed contract terms. The strike disrupts the firm's production schedule and may cost the firm sales and profits. The strike costs the workers in that they do not get paid during the strike.

Economics

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Tariff revenue is an important source of operating revenue for many governments of high income countries

Indicate whether the statement is true or false

Economics

Refer to the given data. The marginal propensity to consume is:



A.  .25.
B.  .75.
C.  .20.
D.  .80.

Economics