Are Unions Good or Bad for the Economy Name Institution Are Unions Good or Bad for the Economy Unionization can be termed as the process of organizing a group of employees whether working for the government or a given organization into a labor union. The union will always act as an intermediary between the employee and the employers. Apparently when employees pocket home a considerable amount of money it is an achievement for the economy. It is argued by scholars that unionization is bad for the general economy but on the other hand others still affirm that unionization is good for the economy. This paper makes an argument to why unions can affect the economy adversely. of many industries and therefore cripple the national economic growth. Consequently it is correct to say that unions are bad for the economic growth. References Aldcroft D. H. & Oliver M. J. (2017). Trade unions and the economy: 1870–2000. Taylor & Francis.Budd J. W. Chi W. Wang Y. & Xie Q. (2014). What do unions in China do? Provincial-level evidence on wages employment productivity and economic output. Journal of Labor Research 35(2) 185-204. Doucouliagos H. Freeman R. B. & Laroche P. (2017). The Economics of Trade Unions: A Study of a Research Field and Its Findings. Taylor & Francis.Hirsch B. T. (2017). What do unions do for economic performance?. In What do unions do? (pp. 201-245). Routledge. [...]
Guidelines: 1) Word limit: 600 words (500 to 700 words); 2) Students MUST write in their own words to demonstrate their understanding of the concepts and theories learnt from Economics. NO NEED to copy the theories and concepts directly from the textbook. Think how to APPLY them into the case; and 3) Whenever appropriate, insert diagrams, graphs, articles, and graphics to support your answers.