In the decades after World War II, unions were an integral part of American prosperity. But since the 1970s there has been a slow and steady decline in union membership and influence. Why have workers, particularly in the private sector, drifted from union membership? Were the unions inept, or have rights eroded to the point where unions cannot play their traditional role?
Any economist worth their salt would assure you that unions were *not* an "integral part of American prosperity" as the online lead-in suggests. To the contrary, the basic economic function of a union is to, by using coercive pro-union federal laws, raise wages (for union members only) in a given trade far above the true market value, which then increases goods and services prices above the true market rate for *all* consumers, hence decreasing everyones standard of living. Unions have killed many industries, and will always do so because by their very nature they hinder growth, efficiency, competition, and capital (wealth) accumulation.Tom Hurst –Jul 9, 2012 13:59:07 PM