The alternative to unions

posted by
February 23, 2011
Cafe Hayek
by Russ Roberts  
Posted in Commentary

"Greater negotiating power? The effect of unions, to the extent they are effective at all, is to make it harder for people to find work in particular areas. Unions try to raise wages above what they would otherwise be. Employers respond by trying to substitute capital for labor or more skilled workers for less skilled workers." [editor's note: The short term for the activities described in the latter two sentences is "the market;" apparently Roberts doesn't like it very much - TLK] (02/23/11)  


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