Economics Today and Tomorrow, Student Edition
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN: 9780078747663
Author: McGraw-Hill
Publisher: Glencoe/McGraw-Hill School Pub Co
Question
Book Icon
Chapter 12, Problem 14AA
To determine

To explain the kind of labor unions and the workers involved in each.

Expert Solution & Answer
Check Mark

Explanation of Solution

Labor unions are formed so as to get the increased wages and the benefits regarding the job in the industry along with the healthy environment to work in with job security.

There are 4 different kinds of Labor unions as:

  1. Craft unions: when the workers of the same category of the work come together and form a union that is known as craft unions also called horizontal unions. The type of workers involved in this union is non-managerial personnel, which can be unskilled or semi skilled workers.
  2. General unions: These unions are formed for protecting the overall interest of the workers of any industry or region for some job. The type of workers involved in this can be any from unskilled, semi skilled or skilled workers.
  3. Industrial unions: These unions are of major importance in today’s world as these are such unions in which the different categories of workers whose aims are same in the industry and are under same rules and regulations from the management are called industrial unions also known as vertical unions.  Workers involved in such unions are the one who are skilled.
  4. Federations: When the industrial unions of the different industries or the same industry come into an association so as to improve the unity and strength of laborers in the industrial world, then that can be termed as federations. All types of workers get involved in this.
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:9780190931919
Author:NEWNAN
Publisher:Oxford University Press
Text book image
Principles of Economics (12th Edition)
Economics
ISBN:9780134078779
Author:Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:PEARSON
Text book image
Engineering Economy (17th Edition)
Economics
ISBN:9780134870069
Author:William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:PEARSON
Text book image
Principles of Economics (MindTap Course List)
Economics
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:Cengage Learning
Text book image
Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning
Text book image
Managerial Economics & Business Strategy (Mcgraw-...
Economics
ISBN:9781259290619
Author:Michael Baye, Jeff Prince
Publisher:McGraw-Hill Education