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None of that is necessary to know unions/monopolies are bad (for some definition of bad). Their impact is well understood. Economics textbooks usually have at l
by randyrand 8y ago
None of that is necessary to know unions/monopolies are bad (for some definition of bad). Their impact is well understood. Economics textbooks usually have at least one chapter devoted to monopolies - which unions fall under.
Whether monopolies are bad or not is somewhat subjective, but the impact of them is not. Most basically, monopolies lead to price increases.