Unions would not be here if companies treated us right from the get go. Is that not obvious? People do not understand that the union gave us employees so much that companies probably would of never been willing to give. I don't know about you but I want rights and my employer is not going to let me go just because they want to.
Billionaire Media moguls hate the idea that ordinary workers enjoy the fruits of their labour – they think that only the top bosses should benefit from the success of a company – and that’s why they smear unions in their newspapers and on their TV news channels. The truth is, though, that the unions defend workers’ rights from ruthless, exploitative companies who would happily put profits before workers health and safety if they were allowed to. With regard to the economy, when unions negotiate a better wage for their members, those workers pay tax on that extra income – if that extra money went into the bosses’ pockets, do you think they’d pay tax on it? Or do you think they’d channel it into an offshore bank account thus avoiding tax?
Unions set the standard of living. When union wages increase, so does the standard of living, which in turn increases wages in non union workplaces. Unions create higher health and safety standards for all workers. Without unions we wouldn't have the 40 hour work week (time and a half beyond 40 hours), pensions, benefits, etc. Unions have kept the middle class afloat. When union jobs decrease, so does the middle class. When the middle class prospers so does our economy. Therefore, unions ARE beneficial to the economy.
Unions create the opposite of "trickle down". Working people earn higher wages as a result of union negotiated contracts. Higher wages means that people can afford to go out and spend money on goods and services. That, in turn, provides an increased income for the people that make and provide those goods and services! Pretty simple, huh?
Trickle down only serves to put more money into the pockets of billionaires, so that they can stash it in their accounts in the Caymans (right Mitt?)
Size of the economy can be contracted due to the union's activity. We could build our economy if there wasn't union.
but we can't call it economy.
Economy exists for humanity. so the word 'beneficial to the economy' means 'beneficial to the humanity'.
However, without union, economy will punch the labors. it's no use to grow economy in this human-killing situation.
Union makes economy beneficial for us, so it is beneficial to the economy.
According to U.S. Census Bureau data, the middle class' share of aggregate income is now at its lowest point since 1967 (the first year of Census Bureau data collection). Similarly, the Union Membership Rate is now at its lowest point since the same year. In other words, as union membership rates decrease, middle class incomes shrink. I think we can all agree that a healthy middle class income is important to the economy. Unions help to guarantee that workers are paid FAIR wages, receive the training that helps them do their jobs WELL, and are CONSIDERED in the corporate decision-making process. This is what unions do. People who say otherwise are either in a position to exploit workers for their own benefit, or have been duped by those people who need the support of an ill-informed population. At this point in time, less than 12% of of the total U.S. workforce (private and public sector combined) is unionized, and this percentage will continue falling- hand in hand with the decline of the economy.
They were instrumental in helping develop a middle class in the 1900's and their power has subsided quite a bit, but unions help workers get higher wages, safe working environments, allows for overtime pay, and all other kinds of things that benefit workers. When the first unions were in place corporations still made huge amounts of profit so in my opinion Unions help workers get paid more for the fruits of their labors without taking a massive toll on businesses.
Because the fact that the unions lost their power meant that there weren't nearly as many union employees making much more money to spend then non-unionized employees so there was no-longer the same amount of spending going on as there was before and so certain companies could no-longer make a profit in the United States as a result.
Unions provide protection to employees in terms of benefits and wages, which, in turn, increases the likelihood of a robust economy. Since the 2008 recession, higher income individuals and corporations have tended to put excess cash into savings, rather than spend. Therefore, the economy has remained stagnant. If working people were guaranteed a living wage, then more money would flow through the economy. With companies, state and city governments involved in union-busting and wage reduction, the most likely spenders have been barely making enough money to provide for their basic needs. Thus, the economy continues to falter, while the rich stockpile their money.
Unions are beneficial to the economy because they ensure that workers are earning a fair living wage and are safe on the job. If it were not for unions, companies could give lower wages, which would repel skilled workers and attract unskilled workers. This could create a situation in which shoddy work is produced in exchange for lower production costs.
In the 19th and early 20th century the workers of America had virtually no rights and were unable to improve their work conditions, salary, etc. With the arrival of unions, the state of the common laborer greatly improved. But today, with so many laws ensuring the rights of employees, unions are doing more harm than good. For example, many analysts believe that union's demand for so many raises and benefits for the auto industry workers has driven it into the ground, so they are no longer able to compete with other countries.
Unions are greedy & drive the price of everything through the roof! Teachers' unions make slaves of our children..Forcing them to take standardized test so teachers look like they're doing their jobs when what's really happening is our children learning NOTHING & teachers getting paid to not teach anything worthwhile! Then there are those who just don't know how to teach! I live in NYC, Buffalo, & this city has WICK'S LAW...Look it up, it's RIDICULOUS! Can't even start a skilled trade business like plumbing/electrical here. Our mayor & elected officials are Union Slaves that hold this city back from any progress being made! It costs more to do simple things here, like build or remodel a home, paint a fence, you name it because the city & its union fools monopolize everything! They charge fee after fee & force us to use union labor to hang a ceiling fan! Unions are a pay to play cartel that don't add any benefits to this society & should be done away with! They drive up prices & take jobs that someone who may not be college material could be well capable of doing! Try walking into Chevy & applying for a job...You CAN'T! They don't hire from the outside. Maybe 80 years ago they were useful, but now a days they serve no purpose but to hold sway over consumers, drive up prices, & inflate bosses pockets!
With approx 10% of the workforce in unions driving the price up for the 90% that are not... You do the math. Unions hurt the economy for the middle class, driving the price up for services. Why would you choose a union shop to do the work when you can hire a non-union shop to do the same qualified job for less?
Through collective bargaining, unions have gained excessive benefits and bloated salaries due to the fact that it's taxpayer money. Unions bargaining with politicians have a powerful tool to gain benefits for their members called donations. Politicians are swayed toward allowing union demands because their jobs depend on votes. Unions have the power to steer votes dependent on the actions of politicians accepting or declining increases in salaries or benefits. The money required to raise benefits and salaries is not coming out of their pockets, and they are easily swayed to accept union demands.
Unions have hurt our economy by forcing companies to pay wages and benefits that their members may like but are not competitive to competition. This means fewer overall jobs, lower profit margins for the companies, and more jobs leaving the country. One of the sad facts is that unions continue to exist in many industries because of gov't contracts that require the hiring of union labor.
When there is no connection between wage rate and performance this is the breeding ground for complacency. It is in our DNA to want to be rewarded for an increase in effort. This concept is taught at a very early age in our schools by rewarding kids with good grades for increased academic performance. Unions promote the exact opposite either overtly or covertly by setting a wage rate that they are guaranteed to receive with no connection to performance, which is very much like the pay schedule established in the former Soviet Union.
Unions really don't help the economy. They support big government and more regulations, which just ends up hurting legitimate businesses. Some of the bigger unions also seem like they are entitled to things that they really shouldn't be. Workers can look out for themselves in this day and age, and do not need unions to do it for them.
Higher demands put forth by unions push the companies back and back. The benefits of the retired continue to pile up. You should be responsible for your retirement as well. Paying so much, and we wonder why US made products cost more? Alabama has shown that unions aren't required.
Unions can greatly inflate prices of products because they demand higher wages and in turn cause the company to raise the prices of their consumer products. Even in the case of business to business products, it all leads back to average consumers in the end. The B2B companies still deal with other companies that provide products to consumers, and they will have to raise prices to stay afloat. In the end, consumers are hurt by unions, and only the greedy union members potentially benefit.
The artificially high wages that unions demand is a primary driver that forces companies to flee overseas where they can make a profit on their products and services. See GM, American Airlines, the city of Detroit, and Right to Work states versus Union states. Unions in America frequently partake in extortion, forcing their demands upon companies.