What are the economic effects of industrial disputes?


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Oddman answered
Disputes usually have a negative effect on productivity, depressing economic output. Depending on what is being disputed, they could result in loss of, or creation of entire fields of economic activity.

For example, a mine safety dispute may result in the closing of a particular mine or mining company, putting many people out of work. On the other hand, it may result in the invention of new safety equipment, spawning an industry devoted to the production and installation of that equipment.

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