SS2 First Term Economics Lesson Note – Labour Market II

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WEEK 10         

TOPIC:  LABOUR MARKET

CONTENT:

• Trade unions and other related institutions
• Concept of unemployment

SUB-TOPIC: – Trade union

A trade union is an organized body of employees set up to negotiate with their employers for better working conditions for its members.

A trade union is an organization of paid workers in which their primary objective is to improve the salaries and welfare conditions of their members. It is an association formed to take collective action in matters relating to their welfare and condition of service.

OBJECTIVES OF TRADE UNION

1. To negotiate for improvement in the conditions of service of their members.
2. They educate their members on civil and political opportunities
3. They organize workers to participate actively in issues/ matters that affect them.
4. They organize workers into an effective functional group
5. They offer social services to their members
6. They encourage firms to increase workers participation in business making
7. They engage in training and retraining of members through conduct of seminars and workshops to improve their skills.
8. To seek improvement in the condition of service of their members.
9. To safeguard the employment of their members
10. To organize members into an effective voice on matters that affects them.
11. To educate their members on their rights
12. To ensure that a high standard of professional practice

Weapons that can be used by a trade union during a trade dispute

1. Collective bargaining- In this method, representatives of the union and employers will meet to negotiate or deliberate on issues affecting the workers (negotiation of pay and conditions of service etc.)
2. Work to rule/Go-slow – Working slowly to reduce production so as to force employers to listen to the demand of workers.
3. Threat of strike– This is giving employers notice of intention to embark on a strike action
4. Strike– This is stoppage of work by employees to back their demands

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