A closer look at labor unions;)
Labor Unions have long been talked about with options varieing on either side of the spectrum. Some like labor unions, others do not like them. I wanted to take a closer look at the pro’s and con’s of the union and I came across a range of perspectives that offered valuable insights to the benefits and the challenges.
Labor unions have captured the association of worker protection. One of the most compelling arguments in favor of the union are that they advocate for better wages, benefits, and overall working conditions. According to AFL-CIO, Union workers are approximently 20% moire than those who are not in a union. In addition they are more likely to have health insurance and better retirement benefits. Unions play a important role in maintaining or enhancing workplace safety. Studies suggest that workplaces that are unionized have better safety standards and lower accident rates. Unions can protect workers from the unfair treatment and even offer legal assistance in cases of discrimination, etc.
A few cons about unions is that they can be costly and lead to higher labor costs due to wage increases, or benefits. Employers argue that unions can create rigid workforces making it difficult to implement changes or manage performance. Productivity can be disrupted due to conflicts or strikes. Employees say that unionship offers protection but reduces individual bargaining power. Some employees may be required to accept decisions made by the union.
I spoke with a friend who has been a union member for a few years, they shared poistive and negative aspects. On the bright side, they felt unions had provided them a strong sense of security and support. However they said the bureaucracy within the union can be difficult to navigate.
References:
- American Federation of Labor and Congress of Industrial Organizations (AFL-CIO). “The Benefits of Union Membership.” [Union Membership]
- National Labor Relations Board (NLRB). “What are Unfair Labor Practices?” [ NBER: Unions and Worker Productivity]