- [tag]Layoffs[/tag] from December 2007 through November 2008: 2,108,743
- National [tag]unemployment[/tag] in November: 6.7 percent (seasonally adjusted)
- up from 6.5 percent in October
- up from 4.7 percent a year earlier
- Unemployment is up 2 points, but 42% year-over-year.
- Manufacturing Index Hits 28-Year Low
- California mandates furloughs and forecasts layoffs in 2009
While [tag]labor unions[/tag] provide a semblance of protection for their members through their collective bargaining agreements, they are feeling the pinch of the economy as well.
Having worked in an industry with union representation, I think I understand why some people choose to be represented. I also think there are better ways to deal with most of the needs labor unions say they address.
While those in unions do have some protections that you and I may not have, this new economy may change how unions need to deal with companies.
The Wall Street Journal published an article tonight, “Concessions Foreshadow a Tough Year for Unions,” which highlights the fact that if unions are to survive in this new economy, they too will need to make concessions in the demands they make.
I wonder if those union members whose jobs are being impacted would rather be out of work, or be on intermittent furloughs (e.g., California) or agree to reductions in their contracts (see my earlier post on alternatives to layoffs)?
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