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If they were at risk of going out of business, but the unions had a monopoly on labor contracts and preventing automation, they would still pass on the costs be
by seanmcdirmid 2y ago
If they were at risk of going out of business, but the unions had a monopoly on labor contracts and preventing automation, they would still pass on the costs because they couldn’t cut them otherwise. You are basically setting a solid high floor on pricing because they can’t compete on efficiency.