3min chapter

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#349 – Bhaskar Sunkara: The Case for Socialism

Lex Fridman Podcast

CHAPTER

The Pros and Cons of Unions

In certain cases, a union's interest is in with collectively bargaining on behalf of workers. So often unions will try to select their wage demands at such a level that it ensures that their firm will stay in business. But they cannot make their demands so excessive that their firm gets out of business. The workers only are workers as long as they're gainfully employed.

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