If major labour unions succeed increasing wages across the economy?

If major labour unions succeed increasing wages across the economy?

If major labour unions succeed increasing wages across the economy, the AS curve will shifta)downward( to the right) and then return immediately to its original position.b)upward(to the left) and then return immediately to its original position.c)upward(to the left), increasing the price level.d)downward(to the right),reducing the price level.e)non of the above--there will no effect on the AS curve.


If you try to express yourself more clearly and more specifically, you should have plotted a curve. The labor movement in Hong Kong is just limited under a fascist system by the incumbent dictator, Donald Tsang Yum-kuen. However, the unions are so powerful in the North America, UK, Germany, and France. They are kept on demanding higher wages with frequent strike and classified as the militant union movement. For instance, GM union auto workers are making an average of US $75 per hour ti cover their basic union rate, health insurance and sick leaves, and liberal pension plan. Many seniors and I say US auto workers are too much overpaid in comparison to China, Japan, UK and probably the high pay auto workers in Germany.http://search.yahoo.com/search?p=Should+…In contrary, Hong Kong union workers in the private sector are fewer overpaid (civic union pay by the taxed dollars) and mostly are underpaid. So, Hong Kong union wages are acceptable. There's no minimum wage law in Hong Kong yet. It is proposed the minimum wage is HK $33/hr (US $1 exchanges HK $7.8) and not approve by the fascist government yet. Many Macjobs in HK are paying under HK $20 per hour.I think be practical is far better than the plotted curve. Wages should be administrated by the standard of the local living standard, the nature of work in terms of needed skill, years of education and training to qualify the classified union job, steady or seasonal job, and the risky level of the job.



Popular Q&A

Can you help me find a commercial auto insurance company?
Look, your attorney, who you're hiring, has connections to find someone who can do this.See, the vast, vast majority of people who think about doing this, can't afford it.If you came to ME asking for a quote, I'd charge you a $1,000 brokers fee for my time, because odds are very, very slim...

Is GEICO car insurance any good in terms of their service level?
As an insurance agent myself, I'd say that almost every insurance company is going to give you a deal if you put your home and auto together. (renters insurance is considered a homeowners policy). You might try Donegal Insurance if you live in the northeast, or Ohio Casualty. Cumberland Insurance...

Is there a website that has Arizona Auto Insurance Questions that I can study for my test?
Information is below./Source(s):http://search.yahoo.com/search?p=Arizona…

Where is the best place to advertise Mazda RX8 reg08?
Auto trader, or why not ask how much to trade it in for another car? What's with the the ?2000 insurance? I pay ?165 fully comp with no voluntary excess for my 231ps. The rx8 has 4 seats so can be used as a family car, I transport my teenage kids around in mine.