The Great Depression Revisited by Thomas Brewton

Labor unions are icons of the liberal-Progressives, who apotheosized them in the New Deal during the Great Depression. In addition to the primary status of unions in the Marxian labor theory of value, labor unions have been unfailing vote-getting allies of the Democratic Party.

The 1935 Wagner Labor Act, together with subsequent administrative rules and judicial decisions, made unions immune to anti-trust prosecution and enabled them to engage in criminal intimidation of employers and non-union employees with little fear of retaliation. As a consequence, union labor costs remained at levels too high for profitable production at full-employment levels.

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