logoalt Hacker News

xyzzyztoday at 4:02 PM0 repliesview on HN

Yes, and by shifting the labor supply curve you can make the laborers worse off, because it will often shift the supply curve of the product they’re making. If labor unions make you pay your workers more, you might need to raise the prices, which will make you less competitive, and reduce your sales, which can result in layoffs, or in preventing new workers from gaining employment.