Although historically many benefits have accrued to workers through the efforts of unions. However, in recent years, the demands made by unions on employers have negatively impacted a growing number of businesses enterprises. As these businesses experience financial setbacks because of union demands, the wider economy ends up negatively impacted as well.
No, unions do not hurt the economy because the protections they obtain for workers allow employees to support a strong economy. Unions fight for adequate wages and benefits for workers, which means that those employees then have sufficient income to purchase homes and other durable goods. Employees without union protection often have lower wages, making them unable to support their local economy.
Unions work in the best interest of their employees. When employees make more money, the economy in turn is benefited. A troubling recent trend away from unionized labor has actually had a negative effect on the workforce in that employees are working longer hours for the same or less pay. A union barters for reasonable hours and compensation, which is then distributed in the community through sales, income and property taxes.
Unions provide a voice to members by giving them support in numbers to negotiate for fair wages, benefits and workplace policies. The advantages members gain from companies as the result of union membership often reflects only a small portion of a company's profits and are much too meager to have any real effect, good or bad, on the economy.