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Tag Archive 'unions'

the industrial union thugs 100 years ago, and now we have educational union thugs: parents whose children are stuck in failing public schools. If more than 50% sign a petition, they can force a school closed, shake up its administration, or turn it into a charter … The first parent trigger was pulled in December […]

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A Puzzle?

I thought one reason to be part of a union was so that you could bargain for more attractive wage and benefit packages than you might be able to on your own? And doesn’t research suggest that the union compensation premium is at least 15% over non-union workers when properly controlling for other factors? Then […]

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We don’t need both bank reserve requirements and Federal Deposit Insurance. The reason to have either is to protect depositors in times of liquidity shocks to the banks they are members of. What kind of a signal does the existence of both send to us? Well, it tells us that the banking regulators do not […]

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Just finished a book called Company Town: The Industrial Edens and Satanic Mills that Shaped the American Economy. I was uninspired by the book, but it did contain several interesting histories of companies such as Kohler, Hormel, Corning and Hershey that people may find useful. One theme that is woven throughout the book, but not […]

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Cherry Picking Again

And folks wonder why I am less charitable to folks today than I used to be: Robert and Patricia Haynes live in Michigan with their two adult children, who have cerebral palsy. The state government provides the family with insurance through Medicaid, but also treats them as caregivers. For the SEIU, this makes them public […]

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It’s Not About the Environment

The  Endangered Species Act is infamous for the perverse incentives built into it (these come from the fact that it imposes costs on a very small minority of people for something that is presumably a national or global public good, but this is not surprising in our modern thugocracy). But here is another perverse incentive […]

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For the Children, Of Course

No comment necessary today.

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An interesting argument came up among students of mine recently. They are talking among themselves about the justification for allowing a closed shop. A closed-shop is perhaps the most objectionable and coercive aspect of unionization. Sure, people ought to have the right to associate and bargain collectively for compensation with an employer, but from that […]

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Just Another Day at the Office

Carter, a linebacker for the 1989 University of Miami Hurricanes and former 10th round draft choice of the Dallas Cowboys, continued to work during the strike in order to support his family, despite the objections of union officials. After Rod Carter appeared on the evening news to explain why he did not support the strike, […]

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The Illustrious History of Labor Unions

One of the great myths perpetuated on high school students in History classes is that unions were formed by concerned workers in order to protect themselves from the vicious capitalists of the day. We’ll explore the claim of exploitation in a future post. For now, let’s start by recognizing a simple micro-economic insight: relative prices […]

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