Discussion Post: Labor Relations and Collective Bargaining
Which party (union or management) would likely be in a stronger position to bargain for its preferred wage outcome under the following conditions, and why?
a) High profits, an expanding market share, a healthy economy, and the cost of living rising less than two percent per year.
b) Low profits, stagnant sales growth, uncertain economic conditions, and a projected four percent annual rise in cost of living.
The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.