The idea that the biggest threat to workers right now is right to work legislation and not that NGDP is something like 8% below trend is completely insane.
I have mixed feelings on labor law. I like that it's an efficient way to express worker preferences. I can't see how it's unfair to corporatize labor after we've let capital corporatize. And I don't like the idea of forcing open shops on people engaged in voluntary bargaining that might include another arrangmenet.
But I really can't see how people get so excited about this right now relative to other issues.
Michigan's problem is not the decline of unions.
Michigan's problem is that people don't buy things from Michigan anymore.
For the Weekend...
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