3. Fast-food workers have been organizing within NYC over the past few years. They are doing so in an attempt to gain leverage in negotiations for higher wages and better working conditions with their employers. By applying the Hick-Marshall rules of derived demand discuss:
a. Whether or not you think they will be successful in negotiating a higher wages and what the

dangers of negotiating a higher wage may be.
b. If fast-food workers are able negotiate higher wages with their employers, do you think the low

wage economy in NYC will become more or less efficient. Explain your answer.

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a Applying the HickMarshall rules of derived demand the success of fastfood workers in negotiating h... View the full answer