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Originally Posted by TM875
Speaking from a purely Economic perspective, Unions are terrible to the free market system. They are a market failure that affects the Marginal Price of Labor, which therefore results in an inefficient distribution of resources. The end result? A too-high price for the consumer.
Unions should have no place in the free market system under economic conditions.
...Unions do nothing but strong-arm employers (raising costs, prices, and eventually pushing big businesses out of the market - look at GM). They force fair-market wages out of control.
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HOLD ON THERE BIG GUY.
/ Ben has worked in both union and non-union jobs
/ Ben has an honours degree in Economics
You cannot bring economics like that into this. If you are, you have to talk about labour economics, not your "Perfect Competition" and "Externalities". Pick up the text book (not the neo-conservative toilet paper those bullshit 'free market system' ideas are printed on) and start again.
I beg to differ: A group of workers has every right to form a union and bargain collectively with their employer. The employer has every right to bargain with that group or look elsewhere of labour. When you cloud the issue buy calling unions a "Market Failure" you are comparing peoples free decision making into air pollution and acid rain. SHAME ON YOU.
When we see big corporations move their production facilities overseas, That is the global market and free-enterprise that seeks lower wages. That is a direct result of unions and government regulated wage floors. I don't see a big problem with it, personally: That is approaching PERFECT COMPETITION. So the unions have priced themselves out of a job... I don't care. I maximize my marginal utility, carefully considering all aspects of my buying decision.
what are these "Economic conditions" you speak of?
Note: There is no such thing as "Too high a price for the consumer" in the social science of economics. That term simply does not exist academically. There are supply curves and demand curves, and the point in which they intersect is never called "Too High".
Please don't use academic terms in an inappropriate context to confuse people.
