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What Size Union Is Best?
Globalization has increased competition in the markets for factors of production (including employees) as well as in the product markets. Businesses can source employees from a larger pool inside and outside the country, but employees too have many more options than before. As a result, the workforce of an organization may be far more diverse and geographically spread out than before.
Consider today's globally competitive work environment and respond to the following:
- Assess whether larger, more powerful unions (such as the AFL-CIO and SEIU) favorably represent their members or whether smaller, more targeted unions would better meet the needs of their members.- Along with that thought, would unions for specific professions better represent their members' interests or unions for organizations? Could there be a software programmers' union or a Google employees' union, and which would perform better?
Williams excercised his option on September 1, 2010, and sold his 100 shares on December 1, 2010. Quoted market prices of Trent Co. stock during 2010 was as follows
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