"ALL CAPS IN DEFENSE OF LIBERTY IS NO VICE."

Tuesday, February 01, 2011

Negotiation Or Collusion?

When Corporations band together to set the price of goods and services, it is called collusion and monopoly.

When Unions band together to set the price of labor, it is called negotiation.

But, it is really an collusive attempt to establish a monopoly by the which an entity (in this case, a Union) can set the price of a service (in this case, labor) at an artificially high price,

or, in other words, to fix the price of a service at a rate which is not justified by market demand.

That's how fat cats get fatter, and that's how the "little guy" (all of us who have to pay for the artificially high price of labor) gets screwed.

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