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In: Economics

how are some ways unions today function in ways similar to guilds of yesteryear? Do you...

how are some ways unions today function in ways similar to guilds of yesteryear? Do you think labor unions have as much power?

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Expert Solution

In an sector or trade, guilds implement quality standards, safeguard members from exploitation, provide economic assistance and serve as mediators for their members. By negotiating for better working settings and fair salaries, labor unions also serve the interests of their employees. They also support health advantages for members and provide low-rate economic advantages, such as life and casualty insurance. Guilds and labor unions in the workplace and sometimes in politics provide a voice for their employees.

Guilds initially emerged in Europe near the beginning of the Renaissance when fresh craftsmen, abilities and expertise were acquired. These organisations acted as vocational colleges, corporations trading, and regulators of products or services. Apprentices were trained by the guilds for their craft and gained the rank of qualified craftsmen.

Various professional associations in the 21st century— such as those representing doctors and professionals in the film industry— act much like guilds did. Students or apprentices operate under rigorous oversight and, before moving forward, must show a certain amount of skill.

Labor and craft unions are comparable to guilds by uniting employees under one umbrella of a specified craft or sector. During the industrial revolution, labor unions became a strong force, using workers ' collective negotiating power — and the threat of labor strikes — to enhance working circumstances and salaries. Labor unions often join forces to increase their authority to attain their objectives better. The American Labor Federation and Industrial Organizations Congress is once such a multi-union conglomerate.

The wages, benefits and labor rights of the craftsmen and staff they represent are being enhanced by both guilds and unions. Guilds or organisations have significant control over how their careers are carried out by employees. They often determine the abilities and knowledge needed to be guild members or hold a professional permit. Public accounting organizations and medical professionals work along these lines. Like guilds, labor unions often provide training and education to help staff improve their skills and career possibilities.

Today, more than 1 in 9 workers are represented by a union,Collective negotiation is an significant force in decreasing poverty and ensuring a fair return on their job for low-and middle-wage employees. As productivity has increased over the past several decades, salaries have stayed flat for most working individuals, while those at the top are skyrocketing. Union decrease can account for one-third of men's increase in salary inequality and one-fifth of women's increase in salary inequality from 1973 to 2007. Collective bargaining erosion among males was the biggest single factor driving a wedge between the middle class and the top 1 percent.

Workers in unions use their numerical authority to obtain a fairer share of their revenue. A employee covered by a union agreement earns on average 13.2 percent more in salaries than a peer with comparable education, employment, and experience in the same industry in a non-unionized workplace. But importantly, collective bargaining also raises salaries for non-union workers— as an economic industry becomes more unionized, non-union employers pay more to maintain skilled employees, and greater wage standards and better circumstances become normal standards. If union density stayed at its point of 1979, nonunion men's weekly salaries in the private sector today would be 5 percent greater.


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