impact of the strike on economy
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Whilst there are potential benefits from strikes, such as better work morale, lower absenteeism, or improved labour productivity, strike action also brings about numerous direct and indirect economic costs that can be high, depending on duration, number of workers involved and divisions affected.
THE ECONOMIC EFFECTS OF A STRIKE FOR BOTH PARTIES. The employer is likely to lose money due to delayed service to clients or to lost production time. The employees will lose their pay due to the no work, no pay principle. If the strikers are dismissed they will lose their livelihoods altogether
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