Friday, May 15, 2020

Unions and Collective Bargaining/Discrimination in the...

I. ESSAY ONE - Collective Bargaining is essential component in any industrial democracy. Labor market can be defined as the mechanism in which workers compete for jobs and employers compete for workers. In a labor market, wages, benefits and responsibilities of workers are bought and sold. Unlike traditional markets however, labor is not a good that can be differentiated by conventional rules of supply and demand. While workers are the suppliers and employers are the buyers, overall supply cannot be manufactured as people only have a limited amount of time in a day. Additionally, companies are strong and can often directly manipulate the market by setting strict labor rules, triggering potential reductions in any supply side†¦show more content†¦Collective bargaining sets monthly wages, benefits and working hours on the negotiation table, not through each workers individual production or efficiency efforts. This may be negative for the hardest working union members as R ecent research suggests that productivity is substantially higher when employees monetary incentives are based solely on individual effort. The most direct impact workers face is the monthly deduction from salaries. These deductions could wipeout your short term compensatory gains that the union originally created. Finally, within existing economic labor models, hard work, increased wages and benefits should eventually come from a natural market fluctuation. As a result, disciplined and valuable workers will distance themselves from their counterparts and raise employers demand for these individuals, while reducing their low skilled equivalents. Over the past several decades, there has been a steady decline in the demand for low skilled workers. An argument could also be made that corporations, management and employers are not as powerful as their predecessors, thus not able to get away with the tactics used 20 to 30 years ago. The logic above could support the recent reductio n nationally in union membership. Some of the most profitable American companiesShow MoreRelatedCollective Bargaining And Bargaining Agreements1704 Words   |  7 Pagesterm â€Å"collective bargaining† and list and describe four issues that are mandatory components of a collective bargaining agreement. The term collective bargaining is defined as the system of bargaining when representatives of the employer and the employees negotiate the terms and conditions of employment that will apply to the employees. In the United States collective bargaining agreements are legally binding and typically last one to five years. 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Twenty four states currently have right

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