I’m working on a business discussion question and need an explanation and answer to help me learn.

1.Imagine that a textile company is in the middle of negotiations with workers over wage rates, health care costs, and pension benefit plans. The workers feel that their current benefits are not aligned to their geographic region as the area has continued to grow. The cost of living has increased in the area, which has forced the company to demand more hours of producing textiles, but their wages have stayed the same. Discuss how a manager should respond to the workers’ requests so that everyone is satisfied.

Answer in about a paragraph

then reply to post below within 2-3 sentences

2. As a manager, I’ll start by analyzing the market’s performance over the past year and how well our company has done in contrast to the industry median. This will enable me to determine whether I am underpaying my employees in light of the company’s revenue.

I will also consult with local government representatives and economists to assess the implications of the most recent rise in the cost of living as well as whether the pay raises and perks offered are in keeping with the needs of the region.