With higher wages, fewer people get hired.
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In his State of the Union Address, President Obama demanded laws that would strengthen unions. What would the country look like if his wish was realized?
“The effects of high unionization are mitigated but are generally skewed towards the negative side”, says economist Youri Chassin of the Montreal Economic Institute. The think tank is based in the Canadian province of Quebec, where close to 40 percent of workers are part of a union.