Bargaining Power for Preferred Wage Outcome

Bargaining Power for Preferred Wage Outcome

Which party (union or management) would likely be in a stronger position to bargain for its preferred wage outcome under the following conditions, and why?

high profits, an expanding market share, a healthy economy, and the cost of living rising less than two percent per year
low profits, stagnant sales growth, uncertain economic conditions, and a projected four percent annual rise in cost of living

Solution preview for the order on bargaining power for preferred wage outcome