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  • Collective bargaining and power

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    Peetz213783.pdf (134.6Kb)
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    Author(s)
    Peetz, David
    Griffith University Author(s)
    Peetz, David R.
    Year published
    2018
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    Abstract
    Workers obtain wage increases by having labour market power. This labour market power can be achieved through one of several means. One is what economists like to call the ‘laws of supply and demand’. There may be a shortage of particular types of labour (such as workers with specific skills), or of labour generally within the economy (during a prolonged economic upturn). A second is what is often called ‘collective bargaining’. Workers band together to collectively negotiate a wage increase, as together they have more bargaining power than individually. Most commonly they do this through the mechanism of a trade union. ...
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    Workers obtain wage increases by having labour market power. This labour market power can be achieved through one of several means. One is what economists like to call the ‘laws of supply and demand’. There may be a shortage of particular types of labour (such as workers with specific skills), or of labour generally within the economy (during a prolonged economic upturn). A second is what is often called ‘collective bargaining’. Workers band together to collectively negotiate a wage increase, as together they have more bargaining power than individually. Most commonly they do this through the mechanism of a trade union. There is nothing unusual about this. Owners of capital do exactly the same thing — they increase their income by joining together to form a ‘corporation’. Like a corporation, a trade union has a special status in law, though its status is not the same. A corporation has ‘limited liability’, meaning that individual capital owners cannot be sued for the full value of a corporation’s debt. Trade unions and their members are usually exempt from being sued for any loss they cause when taking lawful collective action, though often there are limits to the availability of this immunity. The existence of the wages crisis has been demonstrated elsewhere in this book. This chapter looks at how declining worker power explains the crisis, giving special attention to the role of collective bargaining. It considers both the factors directly limiting the achievement of wage increases through collective bargaining, and those indirectly limiting it.
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    Book Title
    The Wages Crisis in Australia: What it is and what to do about it
    Publisher URI
    https://www.adelaide.edu.au/press/titles/wages-crisis
    Copyright Statement
    © 2018 The Contributors. This work is licenced under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) License. This licence allows for the copying, distribution, display and performance of this work for non-commercial purposes providing the work is clearly attributed to the copyright holders.
    Subject
    Industrial and employee relations
    Publication URI
    http://hdl.handle.net/10072/384220
    Collection
    • Book chapters

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