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How have your perceptions of labor unions changed? What were your initial thoughts about unionization, need for collective bargaining, and the benefits and drawbacks of being in a union? What are your perceptions now? What, do you believe, are the positive and negative impacts of unions on the modern global economy?
My outlook on labor unions is impacted by widespread misunderstandings and negative attitudes against organized labor. Unions can reduce workplace competitiveness by raising personnel costs and making it more difficult to fire poor performers (Fossum, 15). Another way unions harm the economy is by lowering the quantity of available workers, which raises consumer prices. The…
