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...
Posted to
Solredime
by
Solredime
on
Tue, Dec 29 2009
Filed under:
Filed under: regulation, intervention, sticky, unions, trade unions, deflation, inflation, competition, sticky wages, raising prices, raising wages
My month-plus-long search for job stability turned onto the final 100m today. For over the past month I have been seeking a full-time position. Finding nothing, I turned to temporary work at a local staffing agency and easily found temp. work. The work wasn't hard and I made enough to pay for the...
Posted to
Apropos Austrian Aphorisms
by
thedo
on
Wed, Sep 10 2008
Filed under:
Filed under: taxes, john mccain, ludwig von mises, job creation, henry hazlitt, unions, unemployment, minimum wage, capital reinvestment, barack obama
This story on the BBC put a big smile on my face. 4800 cabin crew workers voted to strike next month over lower-than-normal pay levels offered by Branson's Virgin Atlantic airline. Branson put his foot down and said in a letter to his staff that he would not meet the pay demands of the union and...