Members of labor unions are able to use their collective bargaining power to achieve better economic outcomes.
What is collective bargaining power ?
Collective bargaining power can be regarded as the function of the costs which involves the agreement as well as the disagreement of the reasonable- ness of the bargaining demands.
It should be noted that it is the ability to deceive or bluff, knowledge, and the maturity between parties , hence, Members of labor unions are able to use their collective bargaining power to achieve better economic outcomes.
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