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3. Fast-food workers have been organizing within NYC over the past few years. They are doing...

3. Fast-food workers have been organizing within NYC over the past few years. They are doing so in an attempt to gain leverage in negotiations for higher wages and better working conditions with their employers. By applying the Hick-Marshall rules of derived demand discuss:
a. Whether or not you think they will be successful in negotiating a higher wages and what the

dangers of negotiating a higher wage may be.
b. If fast-food workers are able negotiate higher wages with their employers, do you think the low

wage economy in NYC will become more or less efficient. Explain your answer.

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Answer #1

Negotiating of higher wages means demanding of higher wages than the equilibrium wages by the union workers from the employer. But it can decrease the labour hour which is demanded by employer.Many factors should be considered for determining the negotiation of higher wages.

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