In this research paper, the situation in Wisconsin after such decision of the government and that of the labor unions will be reviewed. Arguments both in favor and against the acts of the labor unions will be presented and a final conclusion either in support or against the scenario will be drawn up…
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The state employees are not happy with the proposal of the governor that they would have to make a contribution of 5.8 % of their salary towards schemes of pension along with the payment of 12.6 % of their insurance premiums for health.In this section of the research paper, various arguments in support of the union’s protest will be presented. 2.1 “Wisconsin Governor is Against the Worker’s Rights”- Protest in MadisonOn February 15, 2011, the public employees, community supporters and union activists in a number of more than 15,000 jammed at the Capitol Square in Madison for protesting the governor’s plan to band the rights of the workers and demolish jobs of the middle-class community of the society. The governor denied making any changes in his plans and has mentioned that if the bill is not passed by the state legislature, he would compel massive layoffs along with hampering of state services and thus would cost several jobs.According to a highway worker and member of AFSCME, the attack on the worker’s rights is a part of the budget plan of the governor. The move of the governor has been demonstrated as a way of political business that is interested in taking the rights away from the people. The appeal of a few protestors is such that they are in complete support to the governor’s activities for balancing the budget but not at the sake of the worker’s rights, as evident from the views of a retired Communications Workers of America member. The protestors mentioned that the governor was imparting the bad effects of a budget bill by setting up such a policy that would take away the general rights of the people (American Federation of State, County and Municipal Employees,
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(“Labor Unions and Their Impact on the Economy Essay”, n.d.)
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(Labor Unions and Their Impact on the Economy Essay)
“Labor Unions and Their Impact on the Economy Essay”, n.d. https://studentshare.org/macro-microeconomics/1408688-labor-unions-and-their-impact-on-the-economy.
Through its leadership, the trade unions engage in negotiations with the employers on behalf of the employees a process known as collective bargaining. The trade unions are therefore an important aspect of the business world as they ensure that there are smooth relationships between employers and employees which in turn creates a harmonious working environment which ensures the smooth sailing of the business activities.
The paper discussed three concepts that are very important for any college student since they will come across these in daily lives as well during the professional careers. This is due to the reason that, the concepts have got established into the markets in the US and is important factors on which, several individuals and business establishment depend on.
According to the paper, the labor union movement has been affected both in the positive as well as in the negative manner in the recent years. On macro-economic level, labor unions have become more participative in the policy making process. Due to lack of demand for the labor, there is a tendency to curtail the powers of the unions on micro-level.
During last decades the American labor unions have been confronted with a lot of serious problems, which have led to substantial decline of their influence and importance. In the middle of the last century labor unions included 35 percent of the working population.
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The research paper deals with the role and impact of the labor unions in an economy with reference to the political disorder going on in Wisconsin in recent times. For the current FY2011, Wisconsin faced a shortfall in budget by an amount of $137 million along with a prospect of a deficit of $3.6 billion during the upcoming budget for two years.
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