THE COLD WAR 1950 1973
THE COLD WAR
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The number of industries declined
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Salaries declined
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Benefits for workers increased
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The number of hours in the workday increased
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Detailed explanation-1: -They gave in on workers’ wage demands. Most workers in major industries saw their wages increase by almost 20 percent after the war. But corporate executives won the battle to include important “company rights” provisions in the new contracts they signed with unions.
Detailed explanation-2: -Unionized workers earn 10.2% more than their non-union peers, while also raising wages and benefits for all workers in their industry. Unions can play a critical role in narrowing racial and gender economic disparities. Unionization increases wages by 17.3% for Black workers and 23.1% for Latino workers.
Detailed explanation-3: -Through collective bargaining, unions are able to secure higher wages and better benefits. That said, unionized workers are not the only ones to benefit from this. Employers have also raised wages for non-unionized workers in order to compete for talent.