It is often remarked that the existence of unions is proof of the inefficiency and failure of markets to pay workers adequate wages. That workers, as a great multitude with little individual influence, must form socialistic collectives in order to provide a counterweight to the great power wielded by...
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Solredime
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Solredime
on
Tue, Dec 29 2009
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Filed under: regulation, intervention, sticky, unions, trade unions, deflation, inflation, competition, sticky wages, raising prices, raising wages