The Rise and Decline of Unions

7 Pages Posted: 19 Jul 2007

See all articles by Michael L. Wachter

Michael L. Wachter

University of Pennsylvania Law School - Institute for Law and Economics

Abstract

Union membership, as a percentage of the private sector workforce, has been in decline for 50 years. The cause of this unrelenting decline is a single, fundamental factor: the change in the United States economy from a corporatist-regulated economy to one based on free competition. Unions are central to a corporatist regime and are peripheral in a liberal pluralist regime.

Keywords: the rise and decline of unions, michael wachter, unions, union membership, private sector workforce, declines, corporatist, regulated economy, free competition, liberal, liberal pluralist, NIRA, NRA, industry regulation, public interest, deregulation, labor law, corporate law

JEL Classification: A13, D21, D74, H11, J39, J50, J51, J52, J53, J58

Suggested Citation

Wachter, Michael L., The Rise and Decline of Unions. Regulation, Vol. 30, No. 2, pp. 23-29, Summer 2007. Available at SSRN: https://ssrn.com/abstract=1001458

Michael L. Wachter (Contact Author)

University of Pennsylvania Law School - Institute for Law and Economics ( email )

3501 Sansom Street
Philadelphia, PA 19104
United States
215-898-7852 (Phone)
215-573-2025 (Fax)

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