Word: freeman
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Once proud and powerful, American unions now seem hounded on all sides. Denounced as featherbedding outfits that help jack up prices, they have seen both their membership and their bargaining clout dwindle. Now, in What Do Unions Do? (Basic Books; 293 pages; $22.95) Harvard Economists Richard Freeman and James Medoff have come not to bury unions but to praise them. Their key finding: unions are good for society as a whole but bad for individual companies...
...which was funded by a grant from the National Science Foundation to NBER and published by Basic Books, took eight years to produce colleagues call a testimony to the duo's thoroughness as researchers. "The book was four years overdue but we wanted to be careful and cautious," says Freeman, adding. "Research isn't a bunch of quickies...
...critical response to What Do Unions Do has been overwhelmingly favorable "What they say isn't controversial, because they're so thorough," says Bell Freeman adds, however that the Journal of Labor Research recently published" an incredible attack on us by someone who hasn't read the book Nobody who's attacked us has had any data or evidence. They just scream...
...both Freeman and Medoff say they realize that it will take more than one book to halt the decay of unions taking place nationwide. Including decline in membership, management's hostility, and non-enforcement of labor laws by the government. In 1954, a peak year, 34 percent of the non-agricultural work force belonged to unions while today that number stands at 18 percent From automobiles to airlines, management is demanding wage concessions from unions and in some sectors even seeking their demise. In their book Freeman and Medoff urge government to enforce right-to-organize laws and halt...
Professor of Economics Richard B. Freeman discredits the idea of infamous corruption associated with unions, saying, "There are more crooked businessmen than union members...