“There is no salvation for Britain unless the special privileges granted to the trade unions in 1906 are revoked. The average level of real wages of British workers would undoubtedly be higher, and their chances of finding employment better, if the wages of different occupations were again determined by the market and all limitations on the work an individual is allowed to do were removed.”

— Friedrich Hayek

"Trade Unions — The Biggest Obstacle", Economic Affairs (October 1980)
1980s and later

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Friedrich Hayek 79

Austrian and British economist and Nobel Prize for Economic… 1899–1992

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