Setting a union wage above the equilibrium wage produces, for union jobs, an:

1. A wage above equilibrium has a predictable market effect. 2. The union wage is above what the equilibrium wage would otherwise have been. 3. At a higher wage more people want the jobs and firms want fewer workers. 4. The result is an excess supply of labor for union jobs. _Source: OpenStax Principles of Microeconomics for AP Courses 2e (CC BY 4.0), Ch 15 'Labor Markets and Income'_