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Labor Union

What is a 'Labor Union'

A labor union is an organization intended to represent the collective interests of workers in negotiations with employers over wages, hours, benefits and working conditions. Labor unions are often industry-specific and tend to be more common in manufacturing, mining, construction, transportation and the public sector. However, while beneficial to its members, labor union representation in the United States has declined significantly in the private sector over time.

Explaining 'Labor Union'

Labor unions protect the rights of workers in specific industries. A union works like a democracy in that it holds elections for its members that seek to appoint officers who are charged with the duty of making decisions for union participants. A union is structured as a locally-based group of employees who obtain a charter from a national organization. Dues are paid by the employees to the national union, and in return, the labor union acts as an advocate on the employees behalf.

An Example of a Labor Union

Almost all unions are structured the same way and carry out duties in the same manner. The National Education Association of the United States (NEA), for example, is a labor union of professionals that represents teachers and other education professionals in the workplace. NEA is the largest labor union in the United States and boasts a group of nearly 3 million members. The union's aim is to advocate for education professionals and to unite its members to fulfill the promise of public education.


Further Reading


Corporate governance objectives of labor union shareholders: Evidence from proxy voting
academic.oup.com [PDF]
… O - Economic Development, Innovation, Technological Change, and Growth; P - Economic Systems; Q … R - Urban, Rural, Regional, Real Estate, and Transportation Economics; Z - Other … Corporate Governance Objectives of Labor Union Shareholders: Evidence from Proxy Voting …

Trade-offs in the labor union-CEO compensation relationshipTrade-offs in the labor union-CEO compensation relationship
link.springer.com [PDF]
… O - Economic Development, Innovation, Technological Change, and Growth; P - Economic Systems; Q … R - Urban, Rural, Regional, Real Estate, and Transportation Economics; Z - Other … Corporate Governance Objectives of Labor Union Shareholders: Evidence from Proxy Voting …

Labor Union Resistance to Economic Liberalization in India: What Can National and State Level Patterns of Protests against Privatization Tell Us??Labor Union Resistance to Economic Liberalization in India: What Can National and State Level Patterns of Protests against Privatization Tell Us??
online.ucpress.edu [PDF]
… O - Economic Development, Innovation, Technological Change, and Growth; P - Economic Systems; Q … R - Urban, Rural, Regional, Real Estate, and Transportation Economics; Z - Other … Corporate Governance Objectives of Labor Union Shareholders: Evidence from Proxy Voting …

Organized labor and information asymmetry in the financial marketsOrganized labor and information asymmetry in the financial markets
link.springer.com [PDF]
… O - Economic Development, Innovation, Technological Change, and Growth; P - Economic Systems; Q … R - Urban, Rural, Regional, Real Estate, and Transportation Economics; Z - Other … Corporate Governance Objectives of Labor Union Shareholders: Evidence from Proxy Voting …

The “Institutional Weaknesses” of Labor Unions and Their Formative Contexts <span style=[J]' src='/thumbnails/?img=http%3A%2F%2Fen.cnki.com.cn%2FArticle_en%2FCJFDTotal-SHEH200603004.htm' />The “Institutional Weaknesses” of Labor Unions and Their Formative Contexts [J]
en.cnki.com.cn [[J]' href='https:/api.miniature.io/pdf?url=en.cnki.com.cn%2FArticle_en%2FCJFDTotal-SHEH200603004.htm'>PDF]
… O - Economic Development, Innovation, Technological Change, and Growth; P - Economic Systems; Q … R - Urban, Rural, Regional, Real Estate, and Transportation Economics; Z - Other … Corporate Governance Objectives of Labor Union Shareholders: Evidence from Proxy Voting …

Financial reporting quality and labor investment efficiencyFinancial reporting quality and labor investment efficiency
onlinelibrary.wiley.com [PDF]
… O - Economic Development, Innovation, Technological Change, and Growth; P - Economic Systems; Q … R - Urban, Rural, Regional, Real Estate, and Transportation Economics; Z - Other … Corporate Governance Objectives of Labor Union Shareholders: Evidence from Proxy Voting …

Does Labor Union Improve Labor Share? Theoretical Analysis and Evidence from Private Firms in China <span style=[J]' src='/thumbnails/?img=http%3A%2F%2Fen.cnki.com.cn%2FArticle_en%2FCJFDTotal-JJYJ201308003.htm' />Does Labor Union Improve Labor Share? Theoretical Analysis and Evidence from Private Firms in China [J]
en.cnki.com.cn [[J]' href='https:/api.miniature.io/pdf?url=en.cnki.com.cn%2FArticle_en%2FCJFDTotal-JJYJ201308003.htm'>PDF]
… O - Economic Development, Innovation, Technological Change, and Growth; P - Economic Systems; Q … R - Urban, Rural, Regional, Real Estate, and Transportation Economics; Z - Other … Corporate Governance Objectives of Labor Union Shareholders: Evidence from Proxy Voting …

Labor unions and tax aggressivenessLabor unions and tax aggressiveness
www.sciencedirect.com [PDF]
… O - Economic Development, Innovation, Technological Change, and Growth; P - Economic Systems; Q … R - Urban, Rural, Regional, Real Estate, and Transportation Economics; Z - Other … Corporate Governance Objectives of Labor Union Shareholders: Evidence from Proxy Voting …

From labor to finance: Understanding the failure of socialist economic policies in SpainFrom labor to finance: Understanding the failure of socialist economic policies in Spain
journals.sagepub.com [PDF]
… O - Economic Development, Innovation, Technological Change, and Growth; P - Economic Systems; Q … R - Urban, Rural, Regional, Real Estate, and Transportation Economics; Z - Other … Corporate Governance Objectives of Labor Union Shareholders: Evidence from Proxy Voting …


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