3 ms·
Your assumption of "free markets" is a mythical one.
by alexpetralia 7y ago
Your assumption of "free markets" is a mythical one.
- baddox 7y agoRegardless, labor unions would be a feature of any conceptualization of free markets I’ve ever heard of. In what sense is cooperation and organization not compatible with a free market?
- erik_seaberg 7y agoIf an employer could negotiate with unions competing for a contract, the outcome might be a market-clearing price for labor. Enforce a monopoly for a single union, and the only possible responses are capitulate or leave, with outcomes that look like Detroit.