Regarding the discussion of labor vs. management and labor vs. capital,
here's a question I've toyed with over the years and to which I've been
unable to come up with satisfactory answers:
Why isn't there more competition between "unions"?
I can see price competition between unions driving wages down without great
benefit to workers, especially toward the unskilled side of the spectrum. On
the other hand, I can see unions competing in two directions: To provide good
labor-service at a competitive price on the one hand and to provide good
social services to their members on the other. In theory, simple price might
not be the only index of competition on the "labor sales" side if unions that
offered better social services (group health plans, education co-ops, etc.)
attracted higher-quality workers.
Any thoughts from the less economically-retarded than me?
Greg Burch <GBurch1@aol.com> <burchg@liddellsapp.com>
http://users.aol.com/gburch1 or http://members.aol.com/gburch1
"The New Deal began, like the Salvation Army, by promising to save
humanity. It ended, again like the Salvation Army, by running flop-houses
and disturbing the peace." -- H.L. Mencken