Strike pay
Strike pay is the name of payments made by a trade union to workers who are on strike as help in meeting their basic needs while on strike, often out of a special reserve known as a strike fund. Union workers reason that the availability of strike pay increases their leverage at the bargaining table and actually decreases the probability of a strike, since the employers are aware that their employees have this financial resource available to them if they choose to strike.[1]
Strike fund
A strike fund is a reserve set up by a union ahead of time (through special assessments or from general funds) and used to provide strike pay or for other strike-related activities.
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