July 25, 2005
Unions losing strength (boo hoo)

I suppose when capitalism has worked so well for 70 years, it's hard to blame capitalists for anything. Thus, CNN reports that the AFL-CIO may potentially lose four of their member unions. The four scabs are complaining that the union spends more effort on political action than recruitment of new members. Indeed, union membership has been plummeting in the private sector for decades while growing in the public sector. For reference, see Richard Freeman, JEP 2, no. 2, Spring 1988, pp 63-88. Of course, if we can define government as an institution holding a legal monopoply on force, then it's easy to understand why unions find a welcome home there, since both are basically in the same business.

Where the heck was this trend 15 years ago? I would have been a demigod.

And, from the tootage of one's own horn file. (note: our paper usually only archives for about 4 days)

Posted by Tim Shaughnessy at 12:07 PM in Economics  ·  TrackBack (0)

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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