Labor Relations And Collective Bargaining

Which party (union or management) would likely be in a stronger position to bargain for its preferred wage outcome under the following conditions, and why?

  • high profits, an expanding market share, a healthy economy, and the cost of living rising less than two percent per year
  • low profits, stagnant sales growth, uncertain economic conditions, and a projected four percent annual rise in cost of living

Your response to these questions should be a minimum of 1 page in length. Use APA format to cite and reference all quoted and paraphrased material, including your textbook. Please be sure to include your reference list on a separate page.