Milton Friedman - The Real World Effects Of Unions

Why HN readers recommended it

HN commenters share it in union threads as a concise statement of the free-market economist's case against unions.

This is a summary from the source dataset, not an endorsement by Hacker News or the video creator.

Video & recommendation details

Creator / channel

LibertyPen

Topic

labor unions economics

Format

lecture

Level

general

HN recommenders in dataset

4

HN mentions in dataset

6

Recommendation years in dataset

2017–2023

These counts and years describe the included Hacker News records; they are not YouTube views or the video’s publication date.

From the original HN conversations

Excerpts from the recorded comments. Follow each source for the full comment and surrounding discussion.

• Listen to Milton Friedman. He explains this (and many more questions regarding the economy) extremely well. Begin with this video: [VIDEO] (The Real World Effects Of Unions)

• Because its true. Unions can only increase wages by reducing the amount of workers. Unions dont get wage increases by reducing the profits of capital in the long term. If uber drivers unionized and made uber pay them more, then less capital would go to …

• Nobel Economist Milton Friedman, for one. [VIDEO] If you watch to the end he fully explains how the net effect of unions is to raise the pay of high paid workers and lower the pay of low paid workers. You might also like "Basic Economics" …