Tag Archives: Unions

Economics is a simple field. Just about everything can be described in terms of supply and demand. If the supply of something is scarce but the demand for it is strong, its price rises. On the other hand, if there is a lot of supply but little demand, its price will go down. Now, buyers and sellers can engage in certain strategies to weight the scales. For example, sellers of a product can band together (perhaps by buying each other out) to achieve some...

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[embedded content] Documentary on the Reuther brothers and the role of unions in the prosperity of the Golden Age of Capitalism. Worth watching.