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: regulation, intervention, sticky, unions, trade unions, deflation, inflation, competition, sticky wages, raising prices, raising wages