The introduction explores the main theoretical positions taken in this book. Contrary to twentieth-century neoliberal or nineteenth-century wage fund theories, it starts from the assumption that trade unions are a necessary and integral part of the functioning of labour markets in societies...

The literature suggests that the presence of a labor union poses operational risk for firms by reducing operating flexibility. We posit that managers stockpile inventory in response to their heightened operational risk, such as potential strikes, so that managers maintain bargaining power in...

Subcontracting — the practice of using intermediaries to contract workers, whether through temp agencies, manpower agencies, franchise, or other multilayered contracting — is an increasingly popular pattern of employment worldwide. Whether justified from a business perspective or not,...