Explain how the union might be able to raise the wage rate. Copper producer Asarco offered its

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Explain how the union might be able to raise the wage rate.

Copper producer Asarco offered its unionized steelworkers a contract that raised worker healthcare premiums, reduced pensions, and denied workers their first salary increase in over a decade. The workers rejected the offer. A fact: The employer is offering $24.50 an hour. Union members want $30 an hour.

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Economics

ISBN: 9781292433639

14th Global Edition

Authors: Michael Parkin

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