Union

(noun)

an organization of workers who have banded together to achieve common goals

Related Terms

  • marginal product

Examples of Union in the following topics:

  • Labor Unions

    • The SEIU, or service employees international union, is the fastest growing union in North America.
    • Other forms of unionism include minority unionism, solidarity unionism, and the practices of organizations such as the Industrial Workers of the World, which do not always follow traditional organizational models.
    • Union membership had been declining in the US since 1954.
    • Most of the recent gains in union membership have been in the service sector while the number of unionized employees in the manufacturing sector has declined.
    • Although most industrialized countries have seen a drop in unionization rates, the drop in union density (the unionized proportion of the working population) has been more significant in the United States than elsewhere.
  • The European Union

  • Labor Union Impacts on Equilibrium

    • The primary activity of the union is to bargain with the employer on behalf of union members and negotiate labor contracts.
    • In order to achieve these goals unions engage in collective bargaining: the process of negotiation between a company's management and a labor union.
    • However, the reality of unions is more complex.
    • As an organized body, unions are also active in the political realm.
    • One tool that unions may use to raise wages is to go on strike.
  • Unions

    • At least 30% of employees must sign petition cards requesting a union.
    • If over 50% of the employees sign an authorization card requesting a union, the employer can voluntarily choose to waive the secret-ballot election process and just recognize the union.
    • The labor union, through its leadership, bargains with the employer on behalf of union members and negotiates labor contracts (collective bargaining) with employers.
    • The agreements negotiated by the union leaders are binding on the union members and the employer, as well as, in some cases, non-member workers.
    • These unions are often divided into locals and united in national federations.
  • The National Credit Union Administration (NCUA)

    • Congress to regulate, charter, and supervise federal credit unions.
    • The National Credit Union Administration (NCUA) is the United States independent federal agency that supervises and charters federal credit unions.
    • The chartering of credit unions in all states is due to the signing of the Federal Credit Union Act by President Franklin D.
    • As the insurer and regulator of federally chartered credit unions, the NCUA oversees credit union safety and soundness, much like the FDIC.
    • It is sometimes required to place credit unions in conservatorship.
  • Credit Unions

    • Credit unions are substitutes and competitors of banks, owned by members as a financial cooperative.
    • Credit unions usually offer better rates on deposits and lower costs for loans
    • Credit unions offer access to borrowing options not always available at traditional banks
    • Credit unions increase competition (big banks tend to be oligopolies, while credit unions are intrinsically smaller in scale, thus high in quantity)
    • Credit unions are smaller, and therefore more likely to go out of business
  • Modern Labor Organizations

    • Labor unions have lost power in the United States over the years and, today, union membership varies by sector.
    • Most of the recent gains in union membership have been in the service sector, while the number of unionized employees in the manufacturing sector has declined.
    • Historically, the rapid growth of public employee unions since the 1960s has served to mask an even more dramatic decline in private-sector union membership.
    • Although most industrialized countries have seen a drop in unionization rates, the drop in union density (the unionized proportion of the working population) has been more significant in the United States than elsewhere.
    • Unions no longer carry the "threat effect:" the power of unions to raise wages of non-union shops by virtue of the threat of unions to organize those shops.
  • Trends in Labor-Management Relations

    • Labor trends include a declining union movement in the US, public sector unions, women leaders, and international unions.
    • Most unions were opposed to Reagan in the 1980 presidential election.
    • Linked to the ITUC, but autonomous, are the global union federations, which seek to bring unions together along sectoral lines.
    • Then there are scores of inter-regional federations, such as the European Trade Union Confederation, the International Confederation of Arab Trade Unions, and the Organization of African Trade Union Unity.
    • Summarize the recent history of the labor union movement in America
  • The Decline of Union Power

    • While more than one-third of employed people belonged to unions in 1945, union membership fell to 24.1 percent of the U.S. work force in 1979 and to 13.9 percent in 1998.
    • Dues increases, continuing union contributions to political campaigns, and union members' diligent voter-turnout efforts kept unions' political power from ebbing as much as their membership.
    • Automation is a continuing challenge for union members.
    • The shift to service industry employment, where unions traditionally have been weaker, also has been a serious problem for labor unions.
    • As if these difficulties were not enough, years of negative publicity about corruption in the big Teamsters Union and other unions have hurt the labor movement.
  • Landrum-Griffin Act

    • Declare that every union officer must act as a fiduciary in handling the assets and conducting the affairs of the union.
    • Limit the power of unions to put subordinate bodies in trusteeship, a temporary suspension of democratic processes within a union.
    • Provide certain minimum standards before a union may expel or take other disciplinary action against a member of the union.
    • While intended largely to limit union corruption and create a more equitable power structure within the unions, the Act was not without flaws in this regard.
    • On the other hand, it cannot be said that union corruption and abuses of union power have disappeared.
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