Before the rise of union power in the United States, labor relations were mostly directed by common law principles...
Labor Economics
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Public employee pensions in the United States were historically reserved for wounded combat veterans who could no longer provide for themselves as a result of their service to the country. Few would disagree with such...
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Historically, it has been understood that trade--the free exchange of goods and services--is a tool for creating wealth. We have recognized that voluntary interactions of producers and consumers in the...
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Workers have long sought the protection of unions to provide safer working conditions, fair wages, and certain other legal protections. Traditionally, "unionizing" requires employees to come together as a bargaining...
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Are business and entrepreneurship fundamentally a positive force in society? This question has been debated for nearly as long as commercial activity has existed.
Throughout history, business has played a crucial part in the growth...
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The balance of trade refers to the relationship between the monetary value of a nation's imports and exports. As put forth by mercantilist writers starting in the 16th century, a favorable balance of trade was seen to...
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According to the U.S. Census Bureau, more than 30 million Americans are living in poverty. So many people living in poverty in one of the richest countries in the world begs the question: Why? In order to change this statistic, many people call...