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- Title
THE RESPONSIBILITY OF ORGANIZED LABOR FOR EMPLOYMENT.
- Authors
Slichter, Sumber
- Abstract
The article discusses effects of collective bargaining on the structure of wages and the behavior of wages. It discusses what extent and how trade unions and the labor movement might assume responsibility for the level of employment in the community. The varying success of unions in bargaining wage increases may be expected to create "wage-distortion" in employment in some industries, occupations and places. The structure of wages produced under collective bargaining may affect the volume of employment by modifying either the consumption function or the investment function. Collective bargaining may be expected to affect the behavior of wages as well as the structure of wages and through its influence upon wage movements to affect the volume of investment. The position of the labor movement as a whole is very different from that of the constituent unions. The labor movement as a whole is large enough to be concerned with the interests of all groups of workers and it can afford to be interested in the total amount of employment and in the total size of pay rolls.
- Subjects
CENTRAL labor councils; LABOR unions; EMPLOYMENT; LABOR movement; COLLECTIVE bargaining; WAGES; INVESTMENTS
- Publication
American Economic Review, 1945, Vol 35, Issue 2, p193
- ISSN
0002-8282
- Publication type
Article