Asked by Magen Phillips on May 02, 2024
Verified
In which of the following U.S.industries is the rate of unionization the lowest?
A) Transportation.
B) Mining.
C) Manufacturing.
D) Finance.
Unionization
The process of organizing workers into a union, a group that collectively negotiates with employers for wages, hours, and other conditions of employment.
Finance
The administration of substantial sums of money, particularly by large corporations or government bodies.
Manufacturing
The process of producing goods using labor, machines, tools, and chemical or biological processing or formulation.
- Absorb information regarding the aspects that drive unionization levels in several industries and occupations throughout the United States.
Verified Answer
CC
Caroline CapaprisMay 07, 2024
Final Answer :
D
Explanation :
The finance industry has the lowest rate of unionization among the given options. According to the Bureau of Labor Statistics, the unionization rate for finance and insurance industries was only 1.3% in 2020. In comparison, the transportation industry had a unionization rate of 17.8%, the mining industry had a rate of 9.9%, and the manufacturing industry had a rate of 10.5%.
Learning Objectives
- Absorb information regarding the aspects that drive unionization levels in several industries and occupations throughout the United States.