Comment Re:Only 30%? (Score 2) 83
It's weird mental gymnastics to call a union a "labor monopoly"
A labor union wants to be, and often is, the exclusive provider (that is, seller) of labor to a company or industry. How's that not a monopoly?
That you might think it's for a good cause and/or justified doesn't change the economics. They're legally protected exclusive sellers which drive up the price of their product (labor) above market clearing levels.
That's all well and good. Remember the downside is they drive up the price of goods for everyone else in the society so they're not an unalloyed good.