In an economy, a strong social norm exists where the public disapproves of individuals accepting jobs at a company where workers are on strike. A newly enacted law now explicitly grants companies the legal right to hire permanent replacement workers during any labor dispute. How does the introduction of this law most likely alter the balance of power in wage negotiations?
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Ch.2 Unemployment, wages, and inequality: Supply-side policies and institutions - The Economy 2.0 Macroeconomics @ CORE Econ
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In an economy, a strong social norm exists where the public disapproves of individuals accepting jobs at a company where workers are on strike. A newly enacted law now explicitly grants companies the legal right to hire permanent replacement workers during any labor dispute. How does the introduction of this law most likely alter the balance of power in wage negotiations?
Comparative Labor Negotiation Outcomes
Shifting Public Opinion and Union Strength
Relative Impact of Legal vs. Social Factors on Union Bargaining Power