Understanding Labor Market Efficiency

An easy to understand examination of the market for labor, and the effects of unionization, industry-wide nationalizations, and other government policies have of the efficiency of labor markets. Specific policies that are examined in detail include; right to work laws, minimum wage laws, Wisconsin's Act 10, project labor agreements, occupational licensing, Patient Protection and Affordable Care Act, single payer healthcare, and governmental monopsonies in the purchase of labor. This book examines in detail how employers and employees are affected by unionization under different market structures. This is a helpful supplemental text for economics and finance students studying price theory or any other related applied microeconomics course.