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Impact of Unions on Unemployment

Raising Wages Above Equilibrium

Raising Wages Above Equilibrium

If a union is able to raise the minimum wage for their members above the equilibrium wage, then wages will be higher but fewer workers will be employed.

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    "Minimumwage."
    http://commons.wikimedia.org/wiki/File:Minimumwage.jpg Wikimedia CC BY.

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  • bargaining power
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