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Read the following Unions demand high wages to counter inflationary pressures...

This question belongs to Management Labour And Social Welfare
Labour and Social Welfare
?

Read the following.
Unions demand high wages to counter inflationary pressures on the economic conditions of the working class. Higher wages enhance the purchasing power of the workers, there by raising inflation.
Which of the following inferences are wrong?
1. Unions have the sole purpose of improving the economic conditions of workers.
2. Enhanced wages increase the purchasing power of workers.
3. Inflation and purchasing power are negatively correlated.
4. Inflation drives unions to go for demanding higher wages.

Answer & Solution
Correct Answer: Option D
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