Collective bargaining significantly influences labor politics by providing a framework for negotiation between employers and employee representatives. It enables workers to advocate for better wages, benefits, and working conditions, ensuring their voices are heard in the workplace. Successful collective bargaining can lead to enhanced job security and improved labor relations, fostering a more productive workforce. However, failure to reach agreements may result in labor disputes, strikes, or lockouts, affecting both workers and businesses. Ultimately, collective bargaining plays a key role in shaping the dynamics of labor markets and influencing social policy.