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Source link: http://archive.mises.org/10345/can-labor-unions-restrict-wages-in-a-free-market/

Can Labor Unions Restrict Wages in a Free Market?

July 24, 2009 by

Consequently, at best, a union can achieve a higher, restrictionist wage rate for its members only at the expense of lowering the wage rates of all other workers in the economy. Production efforts in the economy are also distorted. FULL ARTICLE


roo August 4, 2009 at 11:11 pm

what happened to the last 10 days’ worth of updates?

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