Labor unions can increase wages through:
collective bargaining
Reducing supply of labor
and increasing demand for labor
In collective bargaining, the workers can send their representatives to negotiate new working terms with employers (including work hours and increasing wages).
Reducing supply of labor would make the existing laborers become more lucrative, rare and valued. This would resulted in an increase of workers' wages.,
Increasing demand for labor can be done by improving the members' skills through courses or seminar. By having additional skills, the members can be eligible to harder and more rare job opportunities. This usually correlate with higher wages
"<span>The major petroleum strikes that began the rapid growth in petroleum exploration and speculation occurred in </span>Southeast Texas<span>, but soon reserves were found across Texas and wells were constructed in </span>North Texas<span>, </span>East Texas<span>, and the </span>Permian Basin<span> in </span>West Texas<span>. Although limited reserves of oil had been struck during the 19th century, the strike at </span>Spindletop<span> near Beaumont in 1901 gained national attention, spurring exploration and development that continued through the 1920s and beyond. Spindletop and the Joiner strike in East Texas, at the outset of the </span>Great Depression<span>, were the key strikes that launched this era of change in the state."</span>
So there is a circular flow of income in between two sectors – household sector and firm sector. This circular flow of money will continue indefinitely. In this way the economy functions. But, it is a fact that this flow of money income will not always be same.
The philosopher who differed from Confucius by emphasizing that humans should practice universal love was Mo Tzu (Mozi).<span>Mozi was the founder of the Mohist philosophy. The philosophy advocated for brotherly love which meant sharing the essentials such as food, clothing, and shelter. He taught that all humans should practice universal love.</span>
