Cornwall ON – Research by labour experts Richard Freeman and James Medoff concluded that organizations with labour unions experience less employee turnover. Unions also allow employees to feel like they have a voice in the workplace, which can reduce feelings of frustration that could lead to turnover.
The business of unions is to provide a balance by addressing the issues that don’t interest the financiers and others, such as job security, pensions and benefits, equality and so on. The labour movements speak for all working people not just its due-paying members. The reality is the individual worker is always more vulnerable than the boss, and that’s why unions were invented. Society needs checks and balances, unions do fulfill that important role.
The notoriously conservative World Bank released a report in February 13, 2003 saying that labour unions are good for the economy and equity.
Based on more than a thousand studies of the effects of labour unions and collective bargaining on the performance of national economies, the World Bank report found that workers who belong to trade unions earn higher wages, work fewer hours, receive more training, and have longer job tenure on average than their non-unionized counterparts.
High rates of unionization also lead to lower inequality of earnings, especially for women and minority groups, says the report, entitled ‘Unions and Collective Bargaining: Economic Effects in a Global Environment.’
But unionization is not just good for individual workers – the study also found that countries fare better economically if large numbers of workers belong to trade unions.
More specifically, the study shows that high unionization rates are associated with lower unemployment and inflation, higher productivity, and speedier adjustments to economic shocks.
Union seeks a society which affirms the essential equality of human beings and embraces the goal of equality of condition. It does this by defending existing social programs against cutbacks, by advocating new programs such as universally available national childcare system and by pushing for economic reforms that transfer power to those who work for a salary or a wage.
Unions works for a change in the strategic balance so that business can no longer impose concession on the rest of society.
In contrast to the right-wing globalization agenda, which prevents whole nations from setting their own economic course, the labour movement affirms the importance of community-based economic development. To that end, the Unions support policies aimed at strengthening cooperatives and credit unions, whose goal is to reinvest capital in local communities.
The left remains what it has always been – the party of equality. And the right continues to be what it has always been – the party of inequality. All the specific questions in our politics – globalization, competitiveness, the deficit, unemployment, taxation and the welfare state are really debates about equality versus inequality.
Unfortunately, as long as power, greed, and tyranny dwell in the hearts of humankind, there will always be a need to protect the many from just such a few.