Yellow Trucking Goes Bankrupt, Thanks In Part To Onerous Labor Laws

 According to reports, the final nail in the coffin of the ninety-nine-year-old business was a labor dispute with the Teamsters Union.

As any honest observer of history must conclude, virtually all of America's labor unions have relied, in large part, on coercion and violence.

As is spelled out in this illuminating recounting of American labor union history by the former US Department of Labor chief economist-and Mises Institute associated scholar-Morgan O. Reynolds, these early unions were able to scrape out an existence, thanks primarily to police inaction.

If nineteenth-century government support for labor unions took the form of refusing to stop union violence, the twentieth century marked the shift to direct government coercion on behalf of labor unions.

Although the union's criminal activity and corruption appear to have dissipated as the twentieth century ended, the legal coercion propping up all organized labor remains.

If the "Mystique" of labor unions is nowhere near what it was in the mid-twentieth century, we can be rather confident that the level of unionization today is the product of coercion-in fact must be, at least to a significant degree, because of the laws on the books.

Regardless, we can be sure that because of the destructive nature of coercive labor unions, Yellow went bankrupt in a manner that leaves you, the end consumer, a bit worse off.

https://mises.org/wire/yellow-trucking-goes-bankrupt-thanks-part-onerous-labor-laws