I guess when the FLSA is overturned. It's not like unions are the only things keeping employment laws on the books.
Originally Posted by NIMBY
I'm glad you brought up monopolies. Like monopolies, unions are also vehemently anti-competition and seek at all times to drive up the price of the thing they deal. In fact, economists acknowledge that unions are enabled to have monopoly power.
And I'm quite sure you long for the days of Monopolies and Trusts before the Great Progress--ive Republican President Theodore Roosevelt--oh for the many reasons he's on Mount Rushmore .
"According to Harvard economists Richard Freeman and James Medoff, who look favorably on unions, “Most, if not all, unions have monopoly power, which they can use to raise wages above competitive levels” (1984, p. 6). Unions’ power to fix high prices for their members’ labor rests on legal privileges and immunities that they get from government, both by statute and by nonenforcement of other laws. The purpose of these legal privileges is to restrict others from working for lower wages."
"Labor unions cannot prosper in a competitive environment. Like other successful cartels, they depend on government patronage and protection. Worker cartels grew in surges during the two world wars and the Great Depression of the 1930s. Federal laws—the Railway Act of 1926 (amended in 1934), the Davis-Bacon Act of 1931, the Norris-LaGuardia Act of 1932, the National Labor Relations Act of 1935, the Walsh-Healy Act of 1936, the Fair Labor Standards Act of 1938, various war labor boards, and the Kennedy administration’s encouragement of public-sector unionism in 1962—all added to unions’ monopoly power."