Competition key to determining effects of increased unionization ...Middle East

Ever since “Striketober” last year, unions have been making headlines. There’s been a continual drumbeat of attempts to form unions at Starbucks cafes, Amazon logistics centers and Apple stores. The media attention crescendoed last week after railway companies and railway unions came to an 11th-hour provisional agreement that may have headed off a strike that would have caused severe and widespread harm to the economy. What’s behind this latest unionization push? And what will the broader economic effects be? As is generally true in economics, there are both pros and cons, and the answer can be boiled down to “incentives matter.” The pandemic-related labor shortage – much of which i

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