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"The only way a union can effectively increase the wages of its workers is by reducing the amount of workers" - Milton Friedman
by conanbatt 9y ago
"The only way a union can effectively increase the wages of its workers is by reducing the amount of workers" - Milton Friedman
- gaius 9y agoI like Friedman but this manifestly isn’t true: it’s about the ratio of capital (and management) to labour. Any profitable company can set this ratio to whatever they want.