24 Jun cks-Marshall rules can he
7. Explain how the Hicks-Marshall rules can help explain union bargaining power and union and employer actions in a collective bargaining relationship. Just repeating the rules is not sufficient. I expect an explanation of how they can be applied. 8. From a firms perspective, letting a strike occur can be part of a strategic human resource policy but letting a strike occur is not always the best policy. As chief assistant to the VP for Human Resources, write a memo explaining this statement she heard at a meeting. Be sure to specify the information the company would need in order to implement a strategic policy of this type. 9. The Landrum-Griffin Act of 1959 amended the National Labor Relations Act of 1935 to allow state to pass “right-to-work” laws which ban unions in their state. Is this statement true, false, of uncertain? Give a careful and complete explanation of your answer. 10. Assume you are opening a new business. Explain the factors you would take into account in deciding the type of compensation system you would use to pay employees (i.e. salary, commission, piece rates). 11. The earnings of piece-rate workers usually exceed those of hourly paid workers performing the same tasks. Theory suggests three reasons why. Explain them. 12. Using date from the Current Population Survey, the U.S. Bureau of labor Statistics recently announced that the U.S. November unemployment rate was 5.8 percent, the Northwest Arkansas metro area November unemployment rate was 3.9 percent, and that U.S. non-farm employment increased by 321,000 jobs in November. Is this statement true, false, or uncertain? Carefully explain your answer. 13. Explain how flows of people in and out of the labor force affect the unemployment rate that is reported every month. 14. American corporations are assessed a federal tax on their profits, defined as revenues minus costs. One of the costs they can deduct from revenues, of course, is the cost of labor. Candidate X, in trying to discourage the “offshoring” of American jobs to other countries, proposes that the corporations not be allowed to deduct the costs of hiring workers who perform their tasks in foreign countries. This proposal will raise the corporate taxes of
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