Milton Friedman - The Real World Effects Of Unions
LibertyPen · 4 HN recommendations
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An 11-minute clip of Milton Friedman explaining the incentives of unions and how they affect employment. He argues unions restrict labor supply, raising pay for some workers while hurting low-skill workers.
Why HN recommends it: HN commenters share it in union threads as a concise statement of the free-market economist's case against unions.
“Great short explanation from Milton Friedman” Read on HN ↗