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Yes, with a powerful union you can restrict entry so there are fewer workers. The workers who are allowed in get a better deal. The people who are kept out by t
by barry-cotter 4y ago
Yes, with a powerful union you can restrict entry so there are fewer workers. The workers who are allowed in get a better deal. The people who are kept out by the union suffer and the consumers suffer through lower production and higher prices.
- 2000UltraDeluxe 4y agoNo need for that. The golden c64 generation will start with early retirements in a few years. Younger generations have less interest in IT (on average) and will yield fewer and fewer tech workers.
- barry-cotter 4y agoWhat I describe is the mechanism by which unions increase wages for their members. It would be good if you could explain what you were trying to say and its relevance.
- 2000UltraDeluxe 4y agoLess workers means scarcity and implies better wages and conditions.
- barry-cotter 4y agoYes. You get less workers by restricting entry. That reduces output but increases union workers bargaining power, making society generally poorer but the members of the union richer.
- idiotsecant 4y agoIt's not necessary to restrict the number of workers - only to refuse to work if the owners allocate too little of the resulting profits back to the workers. This is in fact the whole point of a union.