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by missedthecue 1995 days ago
an association of manufacturers or suppliers with the purpose of maintaining prices at a high level

That's the definition of cartel. Unions exist to maximize the amount they extract from buyers of labor. This is rent seeking plain and simple.

What's more, they don't compete with each other, which is what corporations must do. Why does the UAW get to enjoy a monopoly on the sale of autoworker labor? Should Ford and GM and Chrysler be able to unionize together to keep wage costs lower?