Imagine That!

Some interesting news from Michigan:

Michigan workers are not going to suffer. They have simply been given the freedom to join or not join a union, to pay or not pay dues. And while wages in right-to-work states such as Virginia, Tennessee, Texas and Florida are slightly below those of other states, employment in right-to-work states is higher. [Emphasis added.]

So, states with higher price floors for labor have higher unemployment rates while states with lower price floors for labor have lower unemployment.  I wonder if there is any sort of explanation for why this might be the case.  Is there possibly a rule about this sort of economic phenomena?   I wonder…

Leave a Reply




You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>