Economics of Macro-focused Unions

Soon Beng Chew

Chapter 10 in Labour Economics and Public Policy:Managing the Labour Markets for Competitiveness, 2017, pp 141-160 from World Scientific Publishing Co. Pte. Ltd.

Abstract: In Chapter 9, we explained why labour unions want better wages, better fringe benefits and job security for their union members. But globalization makes their effort less effective if not totally useless. Greek economy is in trouble and the Greek government is forced to impose austerity measures and the Greek unions naturally protest viciously. But is there a better way for the Greek labour unions to react? Or more importantly, can the Greek labour unions prevent the Greek economy from getting into this mess in the first place? This chapter is not about the Greek economy but it is a chapter on how a good union can help an economy cope with globalization where demand for products is price elastic and demand for social spending at home is excessive…

Keywords: Labour Market Competitiveness; Labour Unions; Macro-Focused Union; Union Social Responsibility; Union as a Public Good (search for similar items in EconPapers)
JEL-codes: J08 (search for similar items in EconPapers)
Date: 2017
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