Union Insanity

The following story from Fox offers just one example of the high cost of legalized union force:

Thousands of laid-off auto workers get paid $31 an hour to sit around and do nothing all year under a controversial program that could continue even if American taxpayers bail out the American auto industry.

The program, called “Jobs Banks,” has been around for 24 years… thanks to a deal struck in 1984 between the United Auto Workers and the Big Three carmakers. … But if the automakers go bankrupt, some analysts say, they may be able to eliminate the program, which would abruptly eliminate benefits to the workers in it. … Hoping to avoid bankruptcy and secure federal loans, carmakers and the UAW are considering eliminating the program anyway.

It is clear that wage controls, including legislation under Hoover and FDR granting unions legal uses of force, prevented wages from adjusting to deflation, kept unemployment high, and worsened the Great Depression. American businesses, consumers, and other workers continue to pay the price for these unjust laws.