4 ms·
>>Unions form to prevent a race to the bottom. There is no such thing as a race to the bottom.. This is a common trope from people who don't understand economi
by CryptoPunk 8y ago
>>Unions form to prevent a race to the bottom.
There is no such thing as a race to the bottom.. This is a common trope from people who don't understand economics. Union benefits are zero sum rent extraction, and in the long run, inhibit economic growth and with it broad-based wage growth.