Friday, February 20, 2015

The Cost of a Decline in Unions

New York Times
February 19th, 2015

Like many Americans, I’ve been wary of labor unions.
Full-time union stagehands at Carnegie Hall earning more than $400,000 a year? A union hailing its defense of a New York teacher who smelled of alcohol and passed out in class, with even the principal unable to rouse her? A police union in New York City that has a tantrum and goes on virtual strike?
More broadly, I disdained unions as bringing corruption, nepotism and rigid work rules to the labor market, impeding the economic growth that ultimately makes a country strong.
I was wrong.

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