Chapter
28
Labor
Unions
Copyright
2002 by The McGraw­Hill Companies, Inc.
All rights reserved.
28­1
Chapter
Objectives
A
short
history
of
the
labor
movement
Labor
legislation
The
economic
power
of
unions
and
employers
The
economic
power
of
monopsonies
Collective
bargaining
The
strike
Copyright
2002 by The McGraw­Hill Companies, Inc.
All rights reserved.
28­2
A
Short
History
of
the
Labor
Movement
Labor unions
institution
are
a
traditional
American
Until the 1940s most Americans
unfavorable opinions of unions
had
The AF
in 1886
of
L
rang
in
the
modern
era
of
unions
With the emergence of the large corporation,
individual workers had little bargaining power
Thousands of workers
some leverage
banded together
did have
Copyright
2002 by The McGraw­Hill Companies, Inc.
All rights reserved.
28­3