“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.”

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Originally said in English.

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About Friedrich Hayek

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"There is no salvation for Britain unless the special privileges grant…" — Friedrich Hayek | Daily Quotes