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> I do not buy the increase consumer price or laissez-faire arguments Ignorance is bliss I guess? The economic research of the effects of unions on consumer p
by jamiequint 8y ago
> I do not buy the increase consumer price or laissez-faire arguments
Ignorance is bliss I guess?
The economic research of the effects of unions on consumer pricing is well established. That you choose to willfully disbelieve the economic research in that area unfortunately does not make it less valid.
- riffic 8y agoI'd be happy to pay a slight increase in a product's cost if it were clear to the buyer their use of labor was ethical. Companies used to put union stamps on these sort of products back in the day.
- syntaxing 8y agoCan you please point me towards a paper that explains this well established effect? I haven't came across any that explicitly states Unions are bad for consumers since workers tend to be consumers (high wage = higher disposable income) especially on a Macroeconomics scale. I have seen studies explaining how Unions hurt firm growth since it shifts profits to wages which reduces cash holdings (which reduces the conversion of cash to assets, and the finance cycle continues). But the Macroeconomic of the redistribution of wealth (wage vs profit) is still to be studied, especially in our sharing economy world.