The implications of collective bargaining on labor policies are profound, as it establishes a framework for negotiations between employers and employees. It enables workers to advocate for better wages, benefits, and working conditions through union representation. This negotiation process can influence labor laws and regulations, ensuring that workers' rights are protected. Collective bargaining can also contribute to economic stability by creating fair compensation structures, enhancing productivity, and reducing turnover. However, challenges such as anti-union sentiment and legislative obstacles can affect its effectiveness, impacting overall labor market dynamics.