To: nmh
We can tell you whether labor unions raise productivity or stifle innovation or raise wages, but we are reluctant to judge whether the tradeoffs are good or bad."labor unions raise productivity No
stifle innovation Yes
raise wages Temporarily
but we are reluctant to judge whether the tradeoffs are good or bad
You don't need to be a U of C professor to see the tradeoffs are bad.
7 posted on
01/30/2006 11:05:36 AM PST by
Toddsterpatriot
(Why are protectionists so bad at math?)
To: Toddsterpatriot
labor unions [...] stifle innovation Yes Cheap labor stifles innovation: proved by the long history of ancient Egypt and other serf/slave based societies.
USA was the world leader in innovations at the time when the trade unions were the strongest.
20 posted on
01/30/2006 11:35:42 AM PST by
A. Pole
(Homo economicus, or economic man is a XIX century superstition, as real as the centaurs)
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