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What is the relationship between industrial workers and unemployment?
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What is the relationship between industrial workers and unemployment?

User Kajarigd
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27 votes

Answer:

Moreover, in search models with wage bargaining, workers have greater bargaining power when the unemployment rate is low, since turning down a job offer with a low wage is more palatable when the unemployment rate is low. 8 This generates a link between unemployment and wages.

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User Edvard Rejthar
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