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by thaumasiotes
1927 days ago
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Look into the effects of your ideas, and you'll see them wind up in rising prices. Your first example, excluding industry members who don't meet a particular standard, is one of the most typical forms of "colluding to raise prices" you could possibly think of, often expressed in the form of professional certification. The only things an economic organization can do are raise prices and lower costs. For a labor union, costs are labor; from the consumer end the workers' "lower costs" mean less work is being done, which shows up as higher prices for consumers. |
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