Question: The text discussed how if Ford and the UAW fail to accurately forecast the inflation rate, the real wage will be different than the company

The text discussed how if Ford and the UAW fail to accurately forecast the inflation rate, the real wage will be different than the company and the union expected. Why, then, do the company and the union sign long-term contracts rather than negotiate a new contract each year?

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Negotiations between a union such as the UAW and Ford or any other company usual... View full answer

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