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
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?
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