Difference between revisions of "Predistribution: wages and unions (extract from Economics in Two Lessons)"
From Critiques Of Libertarianism
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| − | {{DES | des = | + | {{DES | des = "The wages that emerge from labor markets are the products of a complex process of implicit and explicit bargaining between workers, employers and (where they exist) unions. The outcomes of those bargains depend on the relative power of the parties and that in turn depends on the rules set out by society." | show=}} |
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