Unionized plants have worse incentive alignment: 26% less likely to offer performance-based bonuses. 11% less likely to promote based on performance 13% less likely to dismiss workers for poor performance. Consequently, unionized plants have: Higher rates of business closures, lower investment slower employment growth BOTTOM LINE: right-to-work states (no unions) have higher employment and better outcomes. CITE:Maksimovic, Vojislav and…
Weaker incentives in unionized plants make them more likely to close
Weaker incentives in unionized plants make them more likely to close
27 Jun 2025 1 Comment
in applied price theory, econometerics, history of economic thought, labour economics, unions Tags: union power
Union Busted
09 Oct 2023 Leave a comment
in labour economics, unions Tags: union power
The International Longshore and Warehouse Union (ILWU) just filed for bankruptcy because it lost a case with a port operator in Portland. The back story is amazing. The ILWU is one of the most powerful unions in the United States. Since bloody riots in 1934 it has controlled all 29 seaports on the west coast of the […]
Union Busted
The fall (and rise?) of unions in the US
11 Aug 2022 Leave a comment
in labour economics, labour supply, politics - USA, unions Tags: /, union power
Milton Friedman – The Real World Effects Of Unions
01 Jul 2022 Leave a comment
in applied price theory, economic history, economics of education, economics of regulation, labour economics, labour supply, Milton Friedman, poverty and inequality, unemployment, unions Tags: union power, union wage premium
Fair Pay Govt drops its pretence
11 Dec 2021 Leave a comment
in applied price theory, comparative institutional analysis, economics of regulation, labour economics, labour supply, minimum wage, politics - New Zealand, unions Tags: union power, union wage premium
Friedman Fundamentals: Unions And Free Market Labor
18 Jun 2021 Leave a comment
in applied price theory, comparative institutional analysis, labour economics, labour supply, unions Tags: union power
Bugger all union wage premium
07 May 2021 Leave a comment
in applied price theory, labour economics, labour supply, unions Tags: union power, union wage premium
Ireland’s worst bank strike lasted 6-months
20 Mar 2020 Leave a comment
in economic history, financial economics, labour economics, labour supply, macroeconomics, monetary economics, unions Tags: economics of banking, union power
Richard Epstein, “The Coming Meltdown in Labor Relations”
02 Mar 2020 Leave a comment
in discrimination, economics of bureaucracy, economics of education, economics of regulation, gender, health and safety, human capital, income redistribution, industrial organisation, labour economics, labour supply, law and economics, managerial economics, occupational choice, occupational regulation, organisational economics, personnel economics, politics - USA, poverty and inequality, property rights, Public Choice, public economics, rentseeking, Richard Epstein, survivor principle, unions Tags: affirmative, employment law, racial discrimination, sex discrimination, union power, union wage premium
Will @AOC @BernieSanders @SenWarren revive unions from the dead?
10 Feb 2020 Leave a comment
in economic history, labour economics, politics - USA, unions Tags: 2020 presidential election, union power
Do Unions Raise Wages?
24 Jan 2020 Leave a comment
in applied price theory, labour economics, labour supply, unions Tags: union power, union wage premium
Utopia, you are standing in it! 
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