Question: 1. Explain in your own words how the interdependent, global economy of the 21st century has caused major problems for unionized Canadian automobile manufacturers. Do

1. Explain in your own words how the interdependent, global economy of the 21st century has caused major problems for unionized Canadian automobile manufacturers. Do non-union automobile manufacturers have the same problem?
2. What are the pros and cons of union members having an equity stake in the company they work for?
3. Consider the following statement: “Unions have historically been very successful at getting increased wages and benefits from employers, but this success will be the downfall of unions because the cost structure of unionized Canadian companies has increased to the point where they cannot price their products competitively. Once that happens, the companies will go out of business and the workers will lose their jobs.” Do you agree or disagree with the statement? Explain your reasoning.

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1 North Americanbased car makers have higher cost structures than foreign car makers and this makes them uncompetitive The latest statistics show for example that Canada is the highest cost jurisdicti... View full answer

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