▲ | mitthrowaway2 a day ago | |
How is a union any different in that respect than a corporation? I mean on a theoretical level. A true free-market firm would just be an association of individuals making individually negotiated transactions, with no employee-employer relationship, and no coordination on the side of purchasing labor. Of course that's very inefficient outside of pure theory. A corporation acts as a coordinating body that collectively negotiates the purchasing of labor contracts, and a union collectively negotiates on the selling side. |