- NEW!
According to the labor union in the United States, the AFL-CIO, unionization results in national economic growth and increased competitiveness. They cite the work of Professor Harley Shaiken of UC Berkeley, who says that unions result in greater productivity and less employee turnover.
According to U.S. News and World Report, a study by professors at Princeton and UC Berkley found that union victories were associated with declines in the performance of a company's stock . The study compared union victories at companies from 1961 to 1999 and found that new unionization was linked to a 10 percent drop in returns.
There is no clear consensus on whether labor unions are good or bad for the economy. While supporters of unions argue that they promote economic stability, critics say that unions drive up the cost of doing business and prevent companies from competing.
World Bank: Unions and Collective Bargaining
AFL-CIO: Unions Are Good for Business, Productivity and the Economy
US New & World Report: Study: Unions are Bad for Economic Growth
Where is Parris Island?
by Answerbag Staff on February 1st, 2011
| 2 people like this
Where can you find the Statue of Liberty?
by Answerbag Staff on January 31st, 2011
| 1 person likes this
What's your State Animal? Ours is the Beaver.:)
by kbickell on May 16th, 2012
| 3 people like this
What is the mileage from Scottsdale to Tombstone, Arizona?
by Answerbag Staff on January 31st, 2011
| 1 person likes this
What is the half way point between Bothell Washington and Milton Florida ?
by kelso529 on May 17th, 2012
| 1 person likes this
You're reading Are labor unions good or bad for the economy?
Your favorite Q&A site is on Facebook! Become a fan to connect with the ever-growing community of Answerbaggers, share your thoughts and find out what Answerbag's up to next!
Comments