(L70) Labor Unions & Price Inflation

Do Labor Unions Cause Price Inflation?

Labor unions and the people who assemble within them cause great price inflation; this is probably done unknowingly by most, due to the fact that the people making up labor unions are ever so self centered. Some of the things most focused on by labor unions include minimum wages, mandatory hours, overtime pay and social security payments. In personal efforts to secure a higher pay for a minimum number of hours, labor unions have run the money supply of their employers nearly dry. In order to compensate for this lack of income, business owners are forced to jack up the prices of their goods and services. As hours grow and wages rise by force, prices will also be raised by force. The single-mindedness of labor union supporters is causing a worsening of their own economic situation. Labor unions are the product of selfish, uneducated and economically ignorant individuals; they do nothing but worsen the very situations that labor-unioners are trying to get themselves out of!

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