17 December 2012

Imagine That!

Michigan workers are not going to suffer. They have simply been given the freedom to join or not join a union, to pay or not pay dues. And while wages in right-to-work states such as Virginia, Tennessee, Texas and Florida are slightly below those of other states, employment in right-to-work states is higher. [Emphasis added.]

So, states with higher price floors for labor have higher unemployment rates while states with lower price floors for labor have lower unemployment.  I wonder if there is any sort of explanation for why this might be the case.  Is there possibly a rule about this sort of economic phenomena?   I wonder…

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