Unions do not undermine international competitiveness
Unions do not undermine international competitiveness writes:
by Josh Bivens
“The claim is often made that unions are a potential drag on a country’s international competitiveness. Although there is no single, generally accepted measure of competitiveness with which to test such claims, many analysts use a country’s trade balance as a proxy for competitiveness. The figure below, which includes the United States and several of its rich industrial peers, examines the relationship between union coverage rates (the share of a nation’s workers covered by a union contract) and the current account balance (an indicator that captures the amount by which a country’s exports exceed its imports). "”1
"
Post a Comment