The unions might be good for the people who are in the unions but it doesn't do a thing for the people who are unemployed because the union keeps down the number of jobs, it doesn't do a thing for them.
About this quote
- What does it mean?
- Unions help members but may harm unemployed workers by limiting job availability.
- In plain terms
- Unions benefit insiders but can reduce jobs for those outside.
- What can you take from it?
- Union protections may come at the cost of broader employment.
Where it applies
Putting it to work
Questions to consider
- Who benefits from labor protections?
- How do unions affect non-members?
Another view
This perspective simplifies complex labor market dynamics.
More from Milton Friedman
There's a smokestack on the back of every government program.
Permalink to quote #17 The use of quantity of money as a target has not been a success. I'm not sure that I would as of today push it as hard as I once did.
Permalink to quote #19 The Federal Reserve definitely caused the Great Depression by contracting the amount of money in circulation by one-third from 1929 to 1933
Permalink to quote #16
Related quotes
McJob : A low-pay, low-prestige, low-dignity, low-benefit, no-future job in the service sector. Frequently considered a satisfying career choice by people who …
Douglas CouplandDouglas Coupland quote #2 I believe in producers, creaters, manufacturers, distributors, and in all industrial workers of the world who have a job, and hold it down.
Elbert HubbardElbert Hubbard quote #62 Government . . . was not founded to create jobs. Create your own job. Be an individual.
Jesse VenturaJesse Ventura quote #65