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Management
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What effects might international labor standards have on workers, companies and consumers?

Jul 24th, 2015

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International labour standards are primarily tools for governments which, in consultation with employers and workers, are seeking to draft and implement labour law and social policy in conformity with internationally accepted standards

International labor standards refer to conventions agreed upon by international actors, resulting from a series of value judgments, set forth to protect basic worker rights, enhance workers’ job security, and improve their terms of employment on a global scale

International labour standards would have different effects on different groups of people.  They would tend to help workers while harming consumers. 

Workers would be helped by international labor standards.  Workers in poorer countries would be protected more than they currently are.  More protections for such workers might also mean that their firms would not be as able to undercut rich world workers on price.  This might cause more jobs to return to/stay in rich countries, thus helping the workers in those countries.

Proponents of workers' rights argue that trading nations should be held to strict labour standards and they offer two quite different justifications for their view. The first is a moral argument whose premise is that many labour standards, such as freedom of association and the prohibition of forced labor, protect basic human rights

  Companies would have to spend more to live up to the labor standards.  This would end up raising the costs of the goods that those companies make.  This cost increase would be passed on to consumers who would be hurt. so consumers needs to spend more on everything.


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Jul 24th, 2015

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