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The field of labor relations looks at the relationship between management and workers, particularly groups of workers represented by a labor union. Labor relations is an important factor in analyzing "varieties of capitalism", such as neocorporatism (or corporatism), social democracy, and neoliberalism (or liberalism). Labor relations can take place on many levels, such as the "shop-floor", the regional level, and the national level. The distribution of power amongst these levels can greatly shape the way an economy functions. Another key question when considering systems of labor relations is their ability to adapt to change. This change can be technological (e.g., "What do we do when an industry employing half the population becomes obsolete?"), economic (e.g., "How do we respond to globalization?"), or political (e.g., "How dependent is the system on a certain party or coalition holding power?"). Governments set the framework for labor relations through legislation and regulation. Usually, employment law would cover issues such as minimum wages and wrongful dismissal. Industrial relations is the equivalent term in Australia, though in recent years the term workplace relations has also become common. This has become a prominent issue of late as the Liberal Government attempts to make sweeping changes to Australian working conditions and employee rights.
Economic and finance related Employment related International Australia United Kingdom United States of America | ||||||||
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