explain why, unions are important for equality in labor ? how can you relate this to your organization ?
Unions being the powerful voioce for labour it turns out that having a union will have numerous benefits for labour
some advantages are listed below
1) Unions always fight for the equality of labour in terms of skills, pay, facility and timely benefits.
2) Having a union adjoined with any organisation provides implicit job security to all the types of labour irrespective of their skillsets.
3) Stylised fact is in presence of union power an labor earns approx.1.1 times more than the labor of non unionsied firm
4) As Unions provide synergy power for negotiations it provides better avenue for labour to negotiate better wages with owners
Hence Unions are biased towards labour and fights for equality in labour
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