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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Discussion 8.2

Discussion 8.2

Q Dr. Milton Friedman was an American, Nobel Prize-winning economist. Watch him speak about the effects of labor unions in the two videos below. As you watch the videos, contemplate how the information Dr. Friedman presented differs from or aligns with the information you read in the textbook. You may want to watch the videos several times. In this video, Dr. Friedman explains the findings of his research on trade unions in America. Professor Friedman identifies the source of organized labor's power. As you watch the video, contemplate how the information Dr. Friedman presented differs from or aligns with the information you read in the textbook regarding the real-world effects of unions. Do you feel that the information he presented in 1978 is still valid today?

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Sir Friedman in the first video mentioned an instance of the past before the Civil Rights movement happened. Carpenters and plumbers comprised more black men than the white. But after slavery ended, the number of black men reduced in the professions (Friedman, 2014). This was because the successful trade unions rationed them with the idea of increasing the wage rate. This is relatable to what the textbooks say about unions and their capability to challenge the decision-making ability of the powerful management when needed (Mathis,