MHR 520 Study Guide - Final Guide: Trade Union, Utility, Invisible Hand
9 May 2019
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Document Summary
Chapter 5 - the balancing alternatives: workplace governance. Commons (1919) offered his 5 governance mechanism model - commodity theory of labour, machinery theory of labour, goodwill, public utility theory of labour, democracy. Clegg (1979) 5 options for applying procedural rules - collective bargaining, managerialism, trade union regulation, statutory regulation, joint consulation. Weiler (1990) 4 alternatives for governing the workplace - govt regulation, management control, worker control, Employers will be unable to hire if they aren"t responsive to workers preferences, employees will be unable to find unemployment if they insist more than the market standard. Both employees and employers must take resulting outcomes as given, i. e. price takers rather than price setters. Employees best protection are not lawyer, union but other employers: statutory govt regulation - where there are market deficiencies, either in eev, it is logical to introduce regulation. Govt intervention is seen as warranted where there is market failure.
