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The Labour Market - Basics > Trade Unions > Flashcards

Flashcards in Trade Unions Deck (7)
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1
Q

Graphically, what does a trade union (pushing for higher wages) in a monopsony look like?

A
2
Q

1 What determines the success of trades unions?

A

The density (% of the workforce in the trade union)

3
Q

2 What determines the success of trades unions?

A

Bargaining power of workers, e.g. power plant workers have more economic leverage than supermarket shelf stackers.

4
Q

3 What determines the success of trades unions?

A

Economic climate – is the firm highly profitable or struggling to survive?

5
Q

4 What determines the success of trades unions?

A

Government legislation. e.g. since the 1970s, UK government has reduced the power of trades unions, e.g. abolishing closed shops, outlawing secondary picketing

6
Q

5 What determines the success of trades unions?

A

Nature of labour markets – competitive vs monopsony

7
Q

Do trades unions increase economic welfare?

A