Students / Subjects


Experimenters
Email:

Password:


Forgot password?

Register

Cataloged Resource Summary

 

Title

Labor Unions

Author

Morgan O. Reynolds

Category

Labor and Demographic Economics

Type

Article

Description

This article explains how labor unions are simply cartels that raise wages above competitive levels by capturing monopolies over who companies can hire and what they must pay.

URL

http://www.econlib.org/library/Enc/LaborUnions.html
Copyright © 2006 Experimental Economics Center. All rights reserved. Send us feedback