ET Commentary

This is the right time for companies to appreciate economic utility of trade unions

This is the right time for companies to appreciate economic utility of trade unions
BCCL

Happy, content, rested workers build skyscrapers

Synopsis

There are two aspects of unions and their work that employers in India would do well to focus on. Their role in bridging the wide gap between enterprise-level rationality and economy-wide rationality. On completing Indian society's stunted modernisation, which depresses the quality of workforce.

By , ET Bureau
6 mins read, Last Updated:
This is a time when the sales of entry-level cars and low-cost housing are down, while SUVs and villas sell briskly. FMCG companies find they have turned into slow-moving CG companies. This is the right time to appreciate the economic utility of trade unions. There was a time when it made sense for the world's capitalists to unite against trade unions. The working class had been cast in the role of 'gravediggers of capitalism'. Unions were what

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