LABRST 1A03 Lecture Notes - Lecture 20: Rand Formula, Industrial Unionism, Consumer Confidence

• School: McMaster University
• Department: Labour Studies
• Course: LABRST 1A03
• Professor: David Goutor

Document Summary

Thanks to the gains of the war, and the victories and tests of strengths of unions, unions were now understood by nearly everyone that unions were here to stay. Adapt the wagner model (consolidate a lot of fundamental roles in the union system) Pluralism common thinking in the 1950"s, means understanding that there isn"t just one interest in society, there"s multiple interests. A prosperous society is one that allows these different interests to exist and compete with one another. Allow a system that makes it easy for these different interests to compete with one another (huge change from previous decades) Union financial stability rand formula had become the norm, see long- term planning that very few unions have done before (industrial unions) Taking it for granted that they have money to do these things. Status of workers by the start of the 1950"s the basic status of workers had been transformed.