Wages Are Set In Many Ways Sometimes They Are Set By Collective Bargaining That

Wages are set in many ways. Sometimes they are set by collective bargaining, that is, bargaining between firms and unions. In the United States, collective bargaining plays a limited role (barely more than 10% of U.S. workers have their wages set by collective bargaining agreements). In other countries, Europe and Japan for example, however, collective bargaining plays a more prominent role. What is your take on the role of unions in strengthening workers bargaining power? In your discussion, please include the list the pros and cons of unionization. Need more detail.

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