Unionization and Regulation: The Division of Rents in the Trucking Industry (Classic Reprint) - Hardcover

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Excerpt from Unionization and Regulation: The Division of Rents in the Trucking Industry

The empirical results of this study suggest that the Teamsters Union has been a powerful force in the trucking industry. Estimates of the union's share of profits average about seventy percent of total rents. These translate into fifty to sixty thousand dollars of rent per worker in present discounted value. Assuming a ten percent discount rate, the union's annual rents per worker are five to Six thousand dollars.

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