15 Feb Why is this statement correct For one thing, employees are more likely to be unionized in today’s global economy because they have more options than ever before as globalization h

Why is this statement correct
For one thing, employees are more likely to be unionized in today’s global economy because they have more options than ever before as globalization has increased their opportunities for employment. Workers can go anywhere, and they can go anywhere to work for any company they choose. This impacts the bargaining power between labor and management because unions have the ability to strike at a moment’s notice (Grigorescu et al., 2020). This means that companies are more likely to try to retain their workers with better wages, benefits and overall working conditions in order to stave off the threat of a strike. Union leaders also have more control over their members as a result of this new dynamic as each worker is now more empowered than ever before and capable of striking on their own.
Globalization also has an impact on management itself as it forces them to look at things from an even bigger picture perspective than before. Globalization means that business decisions are now sometimes made “on the fly” because supplies become available, employees can decide to go work for another company and the world is never still. This makes managers have to be more flexible than ever before and adapt to frequent changes in their business. Overall, globalization has changed the relationship between management and unions in a significant way (Visser, 2019). The modern workforce has many options, is more empowered than ever before and can strike at any moment – making unions much more powerful in today’s global economy than they were a generation ago. In conclusion, globalization has changed the relationship between management and unions because it has allowed workers to be more empowered than ever before, allowing them to become unionized. This has resulted in greater flexibility on the part of managers and less bargaining power for unions.
On how the forces of globalization transformed the bargaining relationship between managers and unions:
Managers now have to adapt to frequent changes in their business, which means they’re more flexible than they used to be. Managers are more likely to try to retain their workers with higher wages and benefits because of this new dynamic (Torp and Reiersen, 2020). A trio of economists conclude that the rise of globalization explains why managerial control over the labor is so strong even though labor’s share in income has fallen over time. The global nature of the economy makes it easier for employees to move from one place to another. Workers can go anywhere and anywhere to work for any company they choose. Globalization has changed how management teams interact with unions, especially those in the United States. The global nature of the economy gives employees greater bargaining power than ever before (Schnabel, 2020). This has resulted in greater flexibility on the part of managers and less bargaining power for unions. Workers can move from one place to another for better opportunities, which has made them more empowered than ever before. Moving to a different country and being able to work anywhere is an example of this new way of thinking about work.