Question

There are costs and benefits for every activity, including strikes. Many workers believe that the benefits exceed costs or they would not strike. List the benefits for workers who go on strike. Then list the costs of going on strike.

Answer 1

Benefits- standing up for your self con- loosing time where you could be making money

Answer 2

Benefits of Strike:

The following are the benefits of going on strike:

1. A general increase in wage and salary.

2. Workers could request for a better contract for the union members to vote on.

3. Improved cost of living adjustment which could amount to better health benefits.

4. It may also mean that the company backs down from trying to take away from what the union staff have gained in previous contracts.

Cost of Strike:

The following are the costs of embarking on strike:

1. Loss of wages during periods of strike.

2. Financial damages to the company

3. Loss of benefits such as medical aid insurance, sick and holiday pay if the strike drags on for an extended period of time.