Seminar paper from the year 2019 in the subject Economics - Finance, grade: 94.0, University of Northern Colorado, language: English, abstract: This text deals with the effects of unions on the economic situation of employees and employers. A union is an entity that ensures employees are subjected to conducive work environments through responding to complaints related to rates of payment, labor disputes, work safety, and hours of employment. The goal of ensuring the terms and conditions of the workforce are enhanced and maintained is attained through having a collective bargain, which refers to a process through which unions negotiate with employers the terms of employment on behalf of their members