stéttarfélögum

Stéttarfélögum, often translated as trade unions or labor unions, are organizations formed by workers to collectively bargain with employers over wages, benefits, working conditions, and other terms of employment. These organizations play a significant role in the labor market, aiming to balance the power between individual employees and employers. Historically, the formation of stéttarfélögum arose from the Industrial Revolution, where workers sought to improve their rights and safety in often harsh working environments.

Membership in a stéttarfélag is typically voluntary, though in some sectors or countries, union membership may be a condition of employment. The primary function of a stéttarfélag is collective bargaining, where representatives of the union negotiate with management on behalf of their members. If negotiations fail, unions may resort to industrial action, such as strikes, to pressure employers into meeting their demands. Beyond bargaining, stéttarfélögum often provide legal assistance, training, and support to their members. They also engage in political advocacy, lobbying for legislation that supports workers' rights and promotes fair labor practices. The structure and influence of stéttarfélögum vary greatly depending on the country and industry.