In: Economics
Discuss Inequality of Income Distribution and what if any roles unions and government regulations play in wages, workplace conditions, and healthcare.
The inequality of income distribution means that the income is distributed among the population in an irregular or uneven manner. When there is an increase in income inequality then the economic instability, financial crisis, debt and inflation will also increase.
Unions mainly helps to increase the wages as well as they also helps to improve the working conditions. They protect the worker's rights by providing support to the workers. Inorder to improve the working conditions the unions play a very important role. The labor union mainly improve the conditions of each and every workers by encouraging each and every individuals and also their families by using certain labor and safety standards. Unions also create healthy as well as safe workplaces and these all are monitored by public health entities such as health administration. They also make certain contracts which include minimum wages , workings time , medical leaves , safety which is required in workplaces.
Government regulations are regulations which has been setup by the government inorder to protect employees rights as well as to protect the workplace where all employees works.They mainly ensure safety ,health as well as welfare of workers through OSHA(Occupational Safety and Health Act)
OSHA ensures safe and healthful working conditions for each and every one in the workplace and it is done by setting up certain standards as well as by providing better trainings.Mainly there are two types of government regulations and they are economic and social regulations. Where the social regulations are a kind of regulation which helps to protect the interests of public and economic regulations are a kind of government regulation which is mainly imposed by a government on individuals and also on private sector firms inorder to regulate as well as to modify economic behaviors.