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Tuesday, May 24, 2011

The Economics of Unions - E.D. Kain - American Times - Forbes

The Economics of Unions - E.D. Kain - American Times - Forbes

The Economics of Unions

Strike leader (man on balcony) at Gary, Ind., ...

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Adam Ozemik has two thoughtful pieces up (here and here) on the economics of unions and the difficulty organized labor faces in a global, dynamic economy. He makes some very strong points. I would argue that organized labor since Taft-Hartley has largely been the creature of state-capitalism, and if we moved toward something more closely resembling free-market unionism not only would unions be more effective, they would be better suited to a dynamic, global economy.

Right to work laws similarly impose artificial restrictions on voluntary association and the ability of employers and employees to bargain. But really the entire suite of labor laws, even those passed ostensibly to bolster