what is funny is that I took a macro economics final yesterday at 1 and on said final one of the questions were
Quote:
Which of the following is correct?
a. In unionized industries wages are above the level that would prevail in competitive markets.
b. The introduction of a union in some industry reduces the quantity of labor demanded in
that industry, causes some workers in that industry to be unemployed, and reduces wages
in the rest of the economy.
c. Critics argue that the allocation of labor resulting from unions is both inefficient and
inequitable.
d. All of the above are correct
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the answer is D.
So by looking at this economically we can argue that unions cause more harm than they do good.