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Compare And Contrast The Three Basic Forms Of Labor Racketeering

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Compare And Contrast The Three Basic Forms Of Labor Racketeering
According to the course text, Labor racketeering refers to infiltration, domination, and the use of a union for personal benefits by violent, illegal, and fraudulent means (Abadinsky, 2013). The three basic forms of labor racketeering includes strike insurance, sweetheart deal, and siphoning of unions of funds. The first basic form strike insurance, is when the union threatens a walkout. Therefore, the employer pays to guarantee a steady supply of labor. The second basic form the sweetheart deal, is when management pays the labor representative for contract terms unobtainable through arm’s-length bargaining (Abadinsky, 2013). Lastly, siphoning of union funds, is siphoning funds directly or indirectly.
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