Appearing on Bloomberg TV, I debate the role of unions in American society.
My first point, regarding labor issues in the productive sector of the economy, is that the government should not intervene on the side of either unions or management. Personally, I think unions are sometimes so inflexible and intransigent that they kill the geese (profits) that generate golden eggs (jobs). But I don’t want my thumb on the scale, just as I don’t want Barack Obama’s thumb on the scale.
My second point is the public sector unions are an entirely different issue, involving a special interest group that colludes with politicians to screw taxpayers.
As always, would welcome feedback on how I can improve. You’ll have to click through to watch the video on the youtube site (at least that’s how it works on my computer).