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Episode 149 – Free To Choose 1980 – Who Protects the Worker? (Podcast)

Free To Choose Media Podcast

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The Opportunity in a Free Market

In a free market, workers who once could not find job were now at a premium. Everyone benefited, workers and employers alike in the town thrived. When unions get higher wages for their members by restricting entry into an occupation, those higher wages are at the expense of other workers whose opportunities have been reduced. But when kers get higher wages and more civilized working conditions through the free market, they get them from firms competing with one another for the best workers. That's the way a free market system distributes the fruits economic progress among all the people.

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