The Case for Labor Unions

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(00:00:00) - Welcome to Making Markets

(00:02:45) - First Question - Paul's Journey into Labor Unions

(00:04:22) - The Impact of Labor Unions

(00:06:46) - Understanding the Mechanics of Private Labor Unions

(00:08:10) - The Economics of Union Labor: Balancing Wages, Benefits, and Market Dynamics

(00:14:34) - Perception vs. Reality of Union Labor

(00:20:32) - The Importance of Unions in Today's Economy

(00:28:46) - Comparing Unionization Across Industries

(00:33:21) - Navigating Non-Union Challenges and Political Leverage

(00:34:34) - The Role of State and Local Legislation

(00:35:51) - Labor Market Dynamics Post-COVID and the Future of Trades

(00:39:10) - The Decline of Private Unions and the Rise of Public Unions

(00:46:00) - The Complex Landscape of Public Pensions and Financial Sustainability

(01:00:49) - The Future of Unionization