Final answer:
A union in the car industry can negotiate for better wages and benefits for workers, but it can also lead to increased costs for the company and potentially job losses. Companies like Holden and Ford need to consider the impact of union negotiations on their financial stability.
Step-by-step explanation:
A union in the car industry can have an impact on wages and unemployment for companies like Holden and Ford. When a union represents workers in a company, it negotiates for better wages and benefits on behalf of its members. This can result in higher wages for unionized workers compared to non-unionized workers in the same industry.
However, higher wages for unionized workers can also lead to increased costs for the company. If the company is not able to offset these costs through increased productivity or higher prices, it may lead to job losses or unemployment.
In the car industry, companies like Holden and Ford may have to consider the impact of union negotiations on their financial stability. If they agree to higher wages demanded by the union, it can lead to increased costs and potentially affect their ability to compete with other companies in the industry.