why do you think it is necessary to improve the working conditions in factories ?
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According to the views of mine Well, in contrast to those who seem to think the generating rents for workers is a good thing, economists typically see this as a downside of unions. Even Richard Freeman, the economics profession's most famous and perhaps important defender of unions, emphasized that when unions use their monopoly power to get higher wages that is a cost of unionization, not a benefit. Instead, the benefit of unions comes from their ability to convey to management the desires of the workers. This is what we call worker voice.
Throughout the discussion on libertarianism and the workplace, the argument has been made the workers bargain with their employers over wages and working conditions. But many working conditions are collective. For instance, the presence of an air conditions, or the company's healthcare plan. An assumption of this discussion is that this market for wages and working conditions is relatively well functioning, but there is a simple collective action problem that suggests it may not always be. This is because all workers benefit when a single employee complains about some working condition they don't like, but that worker bears all the risk of this. Worker voice is the function of unions or other institutions in communication..
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- Workers are the people who will produce the products and in turn help the owners to earn more profit.
- Not only earn profits to the owners but also earn their living as well.
- If the working conditions are bad, people are not interested to continue the work.
- This could affect the production.
- So, I think the working conditions in the factories should be improved.