|
| The Foundation for Economic Growth is a group of like-minded individuals who have decided to act rather than accept New Zealand's continuing poor economic performance. The Foundation is not affiliated with any political party. |
|
|
Most recent update: Aug 15th, 2008 - 11:26:43
|
|
Our Economy
:
Unions
Do Capitalists Have Superior Bargaining Power?
It is always enlightening to find an article which puts a case clearly and unequivocally with cogent and logical discussion. I have often pondered the case for unions and while I could understand their importance in the first half of the 20th century they seemed to be an impediment to economic progress in the more recent past.
With an open market economy and freedom of association, and with the absence of cartels it is quite clearly in the workers' interest to not have a union. The place where a union is important is when an industry is run by a cartel or one employer. Have you noticed where we have strikes these days? In the public system - in Education and Hospitals where we have a monopoly employer. The only answer to protecting the interest of the worker, when the government is the sole employer, is to have a union. The rest of NZ is progressing nicely in the market economy way and the only place where we seem to have perennial bad management and strikes is from teachers in the education industry and nurses and doctors in the health industry. This article is very illuminating.
[ Visit Website ]
Sep 7, 2004, 10:10
|
 |
|
