Using Economic Intelligence for Business Success

Research on unionization and economic performance-mostly from the United States but also from Canada, Japan, and Britain-concludes that, on balance, unions tend to increase wages but not productivity, reduce profitability, reduce investment in physical capital and R&D, and, most importantly, lower the rate of employment growth. Research by the CRI’s Center for Economic Policy and Analysis confirms that increased unionization decreases employment growth among states and that employment grows faster in states that prohibit “closed shops.”

 

OR
OR