Clutch

Find your answers, solutions and more...

Try our new improved search engine "Clutch." More relevant, better matches, 100% accuracy at light speed!

AuthorTopic

  • PhD Member
  • ******
In a union contract, future wage increases are often tied to the Consumer Price Index and provide for

A) economic strikes.
B) contract renegotiations.
C) wage reopener clauses.
D) pay tied to productivity.
E) cost of living adjustments.

Marked as best answer by Natalie

  • PhD Member
  • ******
Answer: E
Explanation: E) Compensation includes both current and future wages. One common tool for securing wage increases is a cost-of-living adjustment (COLA). Most COLA clauses tie future raises to the Consumer Price Index (CPI), a government statistic that reflects changes in consumer purchasing power. Almost half of all labor contracts today include COLA clauses.

  • PhD Member
  • ******
Thank you!



Related Posts