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News Link • Economy - Economics USA

Some thoughts on unions and unicorns

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Unions are not bad things necessarily. Private unions in theory can in fact be quite good. If a group of people want to come together peacefully and offer their labor in bulk because it is more valuable that way, great. In return for a contract, which gives union workers security, the business owner also gains peace of mind. The owner knows what he or she can expect from the workers over the period of the contract. There is absolutely nothing wrong with this. A union contract in the private sector can be a win win win. A win for the workers. A win for management. And a win for the consumer of the product. Unfortunately things are usually more muddied.

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