Concept information
Preferred term
economics of labor law
Definition
- Historically, nations have pursued a variety of purposes in regulating unions and collective bargaining. These purposes include increasing efficiency and promoting economic growth; promoting equity in bargaining power between management and labor; redistributing wealth from employers to employees; promoting the workers' collective voice, industrial democracy, and pluralistic national democracy; and minimizing industrial strife in the conduct of collective bargaining. [Source: Encyclopedia of Law & Society: American and Global Perspectives; Labor Law, Economics Of]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/economics_of_labor_law
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