The Importance of Unions in the Current Economic System

Seminar paper from the year 2011 in the subject Business economics - Business Management, Corporate Governance, grade: A, Union Graduate College, course: Managing Ethically in a Global Environment, language: English, abstract: The issue of unionization has been very contented in the United States for a long time. Even though it was already discussed controversially in the 19th century, it lost nothing of its actuality, despite all changes in the economic environment. Right now this can be seen in Wisconsin, where a hard-fought debate is going on about the privileges of state workers' unions. Many people today think that unions had a lot of merits in recent history, but are outdated now and not necessary anymore. In this paper I will show that this opinion shortsighted and why unions are still an important factor in today's society, especially in the face of the challenges of globalization.