Obama's unionization drive

There is little doubt that President Obama would love to see all of us as one big union family. The collectivization urge runs deep in our president and what better way for all of us to join hands and dance around the Maypole than for all of us to become part of organized labor - brothers and sisters all.The trouble is, Obama's top economic advisor warned a few years back that the more union jobs that are created, the fewer overall jobs show up in the economy:From a piece by Fred Barnes in the Weekly Standard: "High union wages that exceed the competitive market rate are likely to cause job losses in the unionized sector of the economy." That is the unvarnished conclusion of one of the country's most admired economists. From 1970 to 1985, a state with average unionization had a rate of unemployment 1.2 percentage points higher than a state with no unions. This represented "about 60 percent of the increase in normal unemployment" in that period.Okay, a finding...(Read Full Post)