10 Ways Unions Help Improve the Economy

A recent report by the Illinois Economic Policy Institute, a non-profit think tank and advocate of labor unions, listed 10 ways unions help boost the economy.

From the report:

Labor unions are imperfect, but they are also far from the distortionary institutions that shrink the economy and hurt job growth, as characterized by some commentators and politicians. Private, public, and nonprofit organizations can all increase and decrease economic efficiency – institutions are not inherently economically good or bad. The same is true of labor unions. While there are potential costs of unions, politicians and the voting public need to balance those concerns out by also considering the economic benefits of unions.

Here are the 10 economic benefits of unions and the ways in which they increase economic efficiency, according to ILEPI.

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