When there is no excess in demand for workers and in supply of workers (By Solomon Zelman)
Add up the individual demands
analysis of demand contribute to business decision making
an extra demand for workers
an extra demand for workers
Collective bargaining allows the workers to negotiate on a fair playing field. I have been a negotiator and employers often do things to the stymie the negotiations.
That all the workers acting collectively or together had much a greater chance of success in negotiating with management and the owners want to go out of business if getting bargains
it doesn't. it raises AD because business now have higher profit margin and so produce more which means they hire more workers and more money ends up in workers' collective pockets which means AD shifts right.
Collective bargaining gives workers more leverage to advance their needs. It also helps them consult widely before deciding the next course of action.
High demand for workers
High demand for workers.
To prevent unionization, employers locked out workers from the workplace and hired replacements. It was a tactic to try to intimidate workers to not demand fair wages, benefits, and better (safe) work conditions.
The industrial revolution increased the demand for workers because they had created more jobs.
the 4 characteristics of business demand are derived demand, fluctuating demand, stimulating demand and finally demand elasticity!
A pay strike is significant as it represents workers' collective action to demand fair wages and better working conditions, highlighting underlying issues of economic inequality and labor rights. It can disrupt business operations and draw public attention to the plight of workers, potentially leading to negotiations and changes in labor policies. Additionally, pay strikes can galvanize solidarity among workers across different sectors, fostering a broader movement for social and economic justice.
Business leaders feared that unions would spread the idea of collective bargaining, which could empower workers to demand higher wages, better working conditions, and increased job security. They were particularly concerned about the potential for unions to foster class consciousness and solidarity among workers, leading to organized strikes and disruptions in production. Additionally, there was apprehension that unions could promote socialist or communist ideologies, threatening the capitalist structure of businesses.
53,345 workers are employed in the industry.