Economics is not an exact science, if it is a science at all. For that reason ideological prejudices are often hidden in simple statements such as this one: 'A Union revival that will hurt Growth' (Irwin Stelzer, The Weekly Standard).
Unions may well have created all sort of economic and political havoc but before one makes the statement one should first check the facts: was economic growth really slower when union 'power' was higher? And what about the distribution of the growth? What is growth worth if only a very small minority benefits - today's equivalent of the Robber Barons and their hangers-on?
Expect Big Negative Revisions to BLS Monthly Jobs in 2023, GDP Too
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Yesterday, the BLS released a little-read jobs report that shows reported
jobs in 2023 may be wildly overstated. In turn, that means GDP is likely
overstat...
3 hours ago