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?
- high profits, an expanding market share, a healthy economy, and the cost of living rising less than two percent per year
- low profits, stagnant sales growth, uncertain economic conditions, and a projected four percent annual rise in cost of living
Your response to these questions should be a minimum of 1 page in length. Use APA format to cite and reference all quoted and paraphrased material, including your textbook. Please be sure to include your reference list on a separate page.
Textbook: Holley, W. H., Jr., Jennings, K. M., & Wolters R. S. (2012). The labor relations process (10th ed.) [VitalSource Bookshelf version]. Retrieved from https://online.vitalsource.com/#/books/9781133713623