Labor unions have harmed our standard of living
This Labor Day, as progressives promote their protection and advancement of workers, let's become aware of the harm that labor unions have caused. George Reisman summarizes: Far from being responsible for improvements in the standard of living of the average worker, labor unions operate in more or less total ignorance of what actually raises the average worker’s standard of living. In consequence of their ignorance, they are responsible for artificial inequalities in wage rates, for unemployment, and for holding down real wages and the average worker’s standard of living. All of these destructive, antisocial consequences derive from the fact that…
