Question: You have assumed a position in which the collective bargaining agreement has already been ratified. What is the economic impact of the following facts? 173

You have assumed a position in which the collective bargaining agreement has already been ratified. What is the economic impact of the following facts?

173 Workers

Current Wages $12.00 with base rate adjustment to $15.00 to be followed by 5% increase per year for the next 5 years.

Total health care package being covered by company which equates to 38% of the wage for 173 workers.

The company is required to cover the standard mandatory benefits of Social Security and Workers Compensation.

The company has agreed to open a fitness facility for workers to be staffed with professionals to the expected cost of $1.75 million per year.

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