Skip to comments.Do Unions Really Raise Wages
Posted on 10/21/2009 2:36:31 PM PDT by arthurus
In spite of the overwhelming evidence that labor productivity is the fundamental determinant of wages, the conclusion is usually forgotten or derided by labor union leaders and by that large group of economic writers who seek a reputation as liberals by parroting them. But this conclusion does not rest on the assumption, as they suppose, that employers are uniformly kind and generous men eager to do what is right. It rests on the very different assumption that the individual employer is eager to increase his own profits to the maximum. If people are willing to work for less than they are really worth to him, why should he not take the fullest advantage of this? Why should he not prefer, for example, to make $1 a week out of a workman rather than see some other employer make $2 a week out of him? And as long as this situation exists, there will be a tendency for employers to bid workers up to their full economic worth.
All this does not mean that unions can serve no useful or legitimate function. The central function they can serve is to improve local working conditions and to assure that all of their members get the true market value of their services.
(Excerpt) Read more at jim.com ...
They raise wages for their members, and they reduce them for everyone else.
They raise them for the thugs in Union leadership.
They also raise unemployment rates.
Swiss bank accounts, just ask Jim Hoffa.
Have a neighbor, union thugcrap, wont even give him the finger.... he sneeks up on me all the time... he is such a slime bag... I wish him lots of time on the toilet....