ECON 102 Lecture Notes - Lecture 21: National Labor Relations Act

• School: University of Illinois
• Department: Economics
• Course: ECON 102
• Professor: Isaac Dilanni

Document Summary

People are willing to work extra hours if paid more in the short run. Might need other incentives in the long run. Labor union - a group of workers, who voluntarily join together to bargain with employers as a team. Under the national labor relations act (1935), any union that gains the consent of the majority of employees in a work site becomes the legal representative of all employees at that work site. Without a union, employer gets to decide what to do with their property. Union and non-union have to pay dues. Difference is that members are allowed to have a say but have to pay more. As a worker, you"re in a competition with other workers, not the employer. Unions demand more money and raise wages. Strike- when employees stop working until their employer grants certain demands. Picket line- when striking union workers line up in front of their former workplace and prevent other workers from replacing them.