Wages and salaries for workers in a union are usually Blank______ because wages are set by a collectively bargained agreement that typically prohibits wage cuts until its expiration.
Multiple choice question.
flexible upward
inflexible upward
inflexible downward
flexible downward
1 answer
The correct answer is inflexible downward.
Wages and salaries for workers in a union are typically set by collectively bargained agreements, which usually include clauses that prohibit wage cuts until the agreement expires, making them inflexible downward.
