> Unions by definition are exercising market power to withhold labor and force a higher than market price on said labor. Thus, they are causing dead weight loss to society and making everyone worse off in the base case.
Well, everyone except the people who work for money.
> Then one has to ask themselves in which situations could a union pushing up labor prices make things better?
In the situation where people get paid that higher labor price, those people are better off.
Well, everyone except the people who work for money.
> Then one has to ask themselves in which situations could a union pushing up labor prices make things better?
In the situation where people get paid that higher labor price, those people are better off.