What is a strike fund?

A strike fund is specifically designed to provide financial assistance to workers who decide to go on strike. When workers collectively choose to strike, they often forgo their regular income as they are withholding labor from their employer. The strike fund acts as a financial safety net, allowing strikers to maintain some level of economic stability during the strike period. This support is crucial as it enables workers to persist in their demands for better wages, working conditions, or other contract negotiations without the immediate pressure of losing their livelihood.

The other options refer to different concepts. A government fund for labor negotiations does not directly involve worker support during a strike, while a fund for buying industrial equipment relates to capital investments rather than direct employee assistance. A program for retraining workers shifts focus entirely to skill development and does not provide the necessary financial support that workers often need during a strike situation.