Are labor unions good or bad for the United States economy?
On One Hand: Labor Unions Help the EconomyLabor unions have many benefits for workers, and some of them also are good for the U.S. economy. An AmscoPub schoolbook chapter on the issue explains that unions help raise wages, give workers more money for increased productivity and help workers pay for the increased cost of living. This helps stimulate the economy by giving workers more money to keep their homes and pay for the other things they need.On the Other: Labor Unions Hurt the EconomyThere are negative impacts on the economy as well. Union platforms that demand higher wages can lead to decreased profits for companies, which can put them out of business and put people out of work. Union stances also can lead to strikes, which damage a company’s bottom line. In addition, unions require membership fees, which cut into employees’ earnings and reduce their ability to spend money and stimulate the economy.Bottom LineThere are pros and cons to labor unions and how they affect the U.S. eco
