Have labor unions outlived their usefulness? 75 words or more

Expert Solution

ANSWER:

Labor union was created to safeguard the interests of the working classes, Industrial revolution in the various parts of world deteriorated the conditions of labor class and many rights were not given to them, gradually change in the political system provided for the labor union and rights of labor were safeguarded.
In the course of time, it took undesirable form, these unions have created problems for the owners of businesses.
They are not able to compelte the assignments and work in time. Further, in the era of globalisation and , competitive has emerged intense in international as well as domestic market, hence non cooperation from to labor may spell doom to the existence of firm,
In short it would not be right to say that labor union has outlived its usefulness, but it would be right if we introduce the reforms in labor law so that interest of owners and employees can not be taken into account simultaneously.

Rahul Sunny answered 1 year ago

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