Option 1: Labor Unions

This week I chose to look into the 1st option given for the blogs, which is Labor Unions. Labor unions, also known as trade unions, have been an integral part of labor relations for many years. They represent and advocate for the rights and interests of workers in various industries. When examining the pros and cons of labor unions, it’s important to consider their impact on employees, employers, and society as a whole. Some pros for employees are things such as collective bargaining power, job security, and improved benefits. As for the cons, they can be things such as union dues, limited negotiation individually, and potential for strikes and disruptions. As for employers, streamlined communication, labor stability, and skilled workforces are some pretty big benefits for employers to have. As for the cons, there is increased cost, limited flexibility, and different types of adversarial relationships. Lastly, we have the pros for society which are reduced income inequality improved workplace standards, and political influence. Cons for this are market disruptions and potential for social disconnect. I personally would not want to join a union due to the fact that I believe non-unionized ways has more benefits than it does cons. Labor unions have long been a topic of debate, with proponents arguing that they provide numerous benefits to employees, while critics argue that they can have negative consequences for employers and society as a whole. Overall, Labor unions have their benefits and detriments for society, employees, and employers, and people can choose which one they think is the best fit for themselves.

Sources:
Week 10 Lectures
https://www.investopedia.com/financial-edge/0113/are-labor-unions-effective.aspx#:~:text=Labor%20unions%20benefit%20their%20members,term%20costs%20which%20decreases%20competitiveness. (Investopedia Labor Union Article)