Unions almost invariably require government regulated support, because collective anything rarely stands on its own before people defect.
I think that's a general good feature of the free market. Collusion is hard until you get down to only a few providers of a service. (In this case, labor.)
The real problem here is that employees generally have no power, because they have no flexibility. We have a nationwide, intergenerational case of people living paycheck to paycheck when even modest savings would've lead to fantastic wealthbuilding. In short, we wouldn't need unions if employees had a BATNA.
This is a financial education problem. But it's one that could be temporarily solved by susbsidizing a BATNA for workers, rather than enforcing labor laws that lead directly to inefficiency.
I think that's a general good feature of the free market. Collusion is hard until you get down to only a few providers of a service. (In this case, labor.)
The real problem here is that employees generally have no power, because they have no flexibility. We have a nationwide, intergenerational case of people living paycheck to paycheck when even modest savings would've lead to fantastic wealthbuilding. In short, we wouldn't need unions if employees had a BATNA.
This is a financial education problem. But it's one that could be temporarily solved by susbsidizing a BATNA for workers, rather than enforcing labor laws that lead directly to inefficiency.