What recommendation would you make to your members


Problem

Binding Arbitration You are the president of a fire fighter's union in a large city. There is a law that provides for binding arbitration for vital public employees in your state. The current contract between your union and the city is about to expire. Your members want at least a 4 percent increase in their wages in each of the next three years. The city has offered a 2 percent raise per year. Negotiators have not been able to reach a decision. The city has said it will call for binding arbitration unless the union accepts its "final offer." If an arbitrator is called in, he or she might award the union more than the city's 2 percent offer. But, you know the city is in a financial bind. The arbitrator could award less than the 2 percent. What recommendation would you make to your members? Explain your reasons for this recommendation.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What recommendation would you make to your members
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