>>>both union & non-union, stagnate or decline, don't you think that it will trickle down to YOUR bottom line?
No. Let me try and explain.
Mr. Kerry wants to raise the minimum wage. He claims this will improve things. This is because Mr. Kerry failed basic economics.
Raising wages artificially (absent market forces) results in two things: 1) Higher unemployment as some workers have to be let go and 2) Higher prices (real inflation) to cover the additional costs. These are simply facts.
Unions create (among so many other problems) artificial wage and price structures. See above.
True market forces provide economic equalibrium. If you remove the union, some of the workers would indeed make less but some would actually make more as folks are paid in accordance with their actual market value.
Even if all of the workers received less, businesses could then afford to hire more workers. What happens to real wages as the labor market shrinks?
Unions are nothing more than a spanner in the works.
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