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The Impact of Collective Bargaining on the Wage Structure in the United States

Lloyd G. Reynolds
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Lloyd G. Reynolds: Yale University

Chapter Chapter 13 in The Theory of Wage Determination, 1957, pp 194-221 from Palgrave Macmillan

Abstract: Abstract The impact of trade unionism on relative wage rates and on the allocation of resources has been a standard subject of theoretical economic discussion for decades. Trade unions were presumed to be analogous to business monopolies in intent and general strategy and their behaviour deducible from first principles, whereby the economic consequences could be predicted from the established body of value theory.

Keywords: Labour Market; Wage Rate; Trade Union; Collective Bargaining; Wage Level (search for similar items in EconPapers)
Date: 1957
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-15205-6_13

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DOI: 10.1007/978-1-349-15205-6_13

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