Opportunity Or Privilege: Labor Legislation in America

Economist Charles Baird conducts an exhaustive examination of the history of labor legislation in the United States. He argues that a labor market premissed on the natural rights of individuals and voluntary exchange would prove both more just to everyone involved in the labor market and more economically efficient.

In such a free market system, labor unions would have a place, for individuals would retain their rights to form any coalitions they might choose, but they would be deprived of the power of coercing nonunionized workers or management. Compulsory unionism, which affords unearned, monopoloy windfalls to some workers at the cost of the majority of nonunionized labor would cease to exist. Every worker would receive what he or his voluntary union could achieve through free bargaining.