Epi resources on unions and the economy: union impact on wages, jobs, benefits, income inequality, and firm performance over the last several years, epi has developed a wide body of research on collective bargaining and unions.
Most labor union contracts -- also called collective bargaining agreements -- contain a step-by-step process for addressing and resolving employee grievances the effect that a labor union has is that you generally can't resolve employee issues without following the grievance process.
Analyses of the union effect on firms and the economy have generally found unions to be a positive force, improving the performance of firms and contributing to economic growth (freeman and medoff 1984 mishel and voos 1992 belman 1992 belman and block 2002 stiglitz 2000 freeman and kleiner 1999 hristus and laroche 2003 with a dissenting view in hirsch 1997. Hirsch, labor unions and the economic performance of us firms  julian betts, cameron w odgers, and michael k wilson, the effects of unions on research and development: an empirical analysis using multi-year data, canadian journal of economics , vol 34, no 3 (august 2001), pp 785-806. Introduction [to labor unions and the economic performance of firms] barry t hirsch attention on the effects of labor unions on economic performance and was conducted, the 1987 data were not used to analyze union effects on firm performance the data, however, provide direct evidence on.
Today) much of their story on unions and economic performance holds up well 1 free-man and medoff rightly emphasize that union effects on productivity vary with respect to the labor relations environment and degree of competition, that unions generally decrease profitability, and that there exists slower growth in the union sector of the economy. How do unions affect the labor environment the power of labor unions rests in their two main tools of influence: restricting labor supply and increasing labor demand some economists compare them to cartels through collective bargaining, unions negotiate the wages that employers will pay.
Unionization and economic performance: evidence on productivity, profits, investment, and growth barry t hirsch department of economics florida state university tallahassee, florida 32306-2045 abstract the effect of labor unions on economic performance is a crucial factor in evaluating public policy toward union organizing and bargaining rights.