IV‑  Rulemaking‑ Collective Bargaining
•Agreements of no fixed duration
•
•Wages
–Traditionally employers have bargained only enough over wages to avoid legislative determination
–Negotiated wages matter little since actual wages above negotiated level
–Wages actually determined at enterprise level
–Highest employment costs in the course
Negotiated wages matter little since actual wages above negotiated level
   Remember industry-wide negotiated wages are minima

Highest employment costs in the course
   Higher than USA