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Milton Friedman - The Real World Effects Of Unions

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Milton Friedman - The Real World Effects Of Unions

An 11-minute clip of Milton Friedman explaining the incentives of unions and how they affect employment. He argues unions restrict labor supply, raising pay for some workers while hurting low-skill workers.

HN commenters share it in union threads as a concise statement of the free-market economist's case against unions.

6 Hacker News mentions · 2017–2023

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