Samuel Milner:
Unwilling to wait decades for the political decline of New Deal liberalism, the core industries of post–World War II America repurposed collective bargaining as a means to reduce the costs of organized labor.
from the Abstract of "The Problem of Productivity: Inflation and Collective Bargaining after World War II" at ResearchGate.
1 comment:
In The Wealth of Nations, Adam Smith wrote:
"People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices. It is impossible indeed to prevent such meetings..."
The rule is:
People with similar interests can be expected to work together to promote those interests, especially when it promotes their income.
Post a Comment