ILRLR 2050 Chapter Notes - Chapter 4: Business Cycle, Illegal Immigration, National Labor Relations Board
9 Apr 2018
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Chapter 4: role of the labor relations environment. External environment affects bargaining power of labor and management, determining the outcome. Economic context: economic factors that influence; unemployment rate, growth in economy, rate of inflation, etc. Technological context: tech factors that influence; extent of new technology, degree to which technology leads to labor displacement or requires high skilled employees. Locus of power: sources of power for labor, workers, and management. External factors influence the actors, and the actors can influence the external factors - by moving, changing locations, changing public policy, etc. Total power: total profits available to labor and management. The greater the profit, the more there is to divide up. Influenced by degree of competition an employer faces and the state of the economy. Both prefer less competition and a strong economy - offers a greater total power. Macroeconomic influences: effects of competitive conditions on a firm.
