These labor unions want to monopolize the supply of labor so as to increase the package of pay and benefits for those they represent. They figured out early on how to do so. It’s the same way that cable companies got monopoly power: by hobbling competitors. The competitors of labor union workers are typically workers who are not in their union.
Thomas Sowell warns us to beware of those who lie with statistics. (HT Warren Smith) A slice:
A little over half of the households in the bottom 20 percent have nobody working. You don’t usually get a lot of income for doing nothing. In 2010, there were more people working full-time in the top 5 percent of households than in the bottom 20 percent.
Elaine Schwartz also calls on us to beware of being misled by statistics.
Matt Ridley offers a lesson in climate history.
Shawn Regan details five ways that Uncle Sam keeps native Americans impoverished.
