Labor Unions Affect FairWages

  

                       

In an ideal productive society, a worker gets what he or she produces. Labor has to be productive. If it is not, there is an eventual disconnect somewhere.

                       

The perfect example is the downfall of the American automobile industry which priced itself out of business primarily because of its labor costs. You can talk style and product non-competitiveness, but the bottom line is this: Management was bulldozed into giving eventually catastrophic labor contracts, in order to avoid immediate catastrophic union walkouts.

                       

The breakdown in schools can be attributed to the same cause. Here it is the avoidance of competition in the form of breaking the public-school-only

monopoly.(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)