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wlaugardagur, maí 07, 2005 | |
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The Freedom on Radio Saga Today between 13 and 14, I and Orri hosted the radio show Frelsid (Freedom). This is our third show together. We talked about the British elections along with the main freedom related issues in the news over the past week. One of them was the Labour Day, May 1st. The Unions held rallies, like every year on this day, and speeches about the need for the labour unions to become stronger don't go unnoticed by anyone. Economists say the only way for wages to go up is for workers to become more productive. If they go up without a productivity increase then prices have to go up which cancels out the wage increase, ergo no increase in living standards. In Iceland there were hardly any labour unions from 1899-1910 and labour disputes were very rare. Between 1981 and 1992 most people were in unions and forced to pay union fees. Labour disputes during this time were very frequent.
Are we really any better off because of the labour unions? The data says no, increased productivity is the only way to increase wages. By Gudmundur at 5/07/2005 10:03:00 e.h. |
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