The Union as a Monopoly

Abstract

Introduction, 671. — I. The Tactic of Union Monopoly, 674. — II. The Inadequacy of Limits on Union Monopoly, 679. — A. Competitive Checks through Unemployment, 680. — B. Price Increases as a Restraint on Union Monopoly, 689. — C. Employer Resistance as a Check on Union Monopoly, 691. — III. Non-wage Elements in Labor Costs, 693. — IV. Union Power and the Power of Enterprise Monopoly, 694. — V. Other Factors in Union Power, 695. — VI. Conclusion, 696.