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Economics 101: Strike | SterlingTerrell.net

Economics 101: Strike


In economics, what is a strike?

A Strike is when a union refuses to give labor to an employer.

It's when employees demand better pay, or better wages, the demands are not met, and a group pf employees withdraws from work for a period of time.

This threat, along with preventing others from stepping in and doing their jobs, is the main recourse that a union wields.