Is there a fundamental difference between labor unions and corporate monopolies?

Posted by: themightyindividual

  • Yes, there is a difference between labor unions and monopolies. Explain.

  • No, there is no difference between labor unions and monopolies. Explain.

83% 5 votes
17% 1 votes
  • Well, they are controlled by different people and labor unions do a have a slightly better record than corporate monopolies, but, as themightyindividual said, they can cause the same detrimental effect on the economy.

  • I'm not sure if this is the same all around the world, but as far as I know labor unions have to negotiate with corporations if they want a change, like a raise in wages or better work conditions. Corporate monopolies on the other hand don't have to negotiate with other parties at all.

  • You would have to have a fundamental misunderstanding of both of them to ever think that there is no difference between them

  • A monopoly, fundamentally, is the collective control of a good or service, the blocking of others to enter, and the collective and organized bargaining of prices and quality. A labor union has all of that. By controlling the entire labor force of a certain industry, blocking non-union workers to enter the industry, and using collective leverage to force employers into increasing pay and lowering work demands, they are the same as a corporate monopoly or trust. The only difference is that trade unions are legal and socially acceptable even though they have the same adverse effects on the economy as corporate monopolies.

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reece says2015-10-03T18:16:21.0427278Z
Yeah, i got it the first 5 times.
themightyindividual says2015-10-03T18:38:12.4226416Z
There was an error in the website.
Black-Jesus says2015-10-03T18:40:36.6211975Z
@themightyindividual, this has really been bothering me, I can't think of the name of the actor on your image, even though I know I've seen several of his movies back in the 90's
themightyindividual says2015-10-03T18:45:19.2675858Z
Rowan Atkinson
UtherPenguin says2015-10-03T18:46:22.9307777Z
Shadow poll no Jutsu
Black-Jesus says2015-10-03T18:48:06.7919124Z
Oh, see? I would've never got that. I kept thinking Steven Carell and Steve Martin for some reason.
themightyindividual says2015-10-03T18:53:28.1206526Z
Those guys can't do the weird face thing.
Black-Jesus says2015-10-03T18:56:57.7346818Z
Yeah, but I think what it was is that I used to have a dvd of "Cheaper by the Dozen" and there was a commercial for a Atkinson movie on it, the one where he is a spy or something, but this was, like, fifteen years ago or something so I can't divine it all too good.
themightyindividual says2015-10-03T19:29:50.6422216Z
To imabench: They are both monopolies because they both use collective bargaining and strong-arm tactics to gain full control of a particular commodity. Companies negotiate with consumers by raising quality or prices or lowering quality of prices. An individual worker may want to work very hard and get paid a decent wage but a union comes along and forces him to work different hours and get paid a little more but then he has to pay dues so he winds up losing money.
imabench says2015-10-03T21:46:58.5521094Z
^ case in point about someone who has a fundamental misunderstanding of corporate monopolies and labor unions

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