March 09, 2010

Do Right-to-Work Laws Promote Economic Growth?

Economist Richard Vedder tests the hypothesis in the current issue of The Cato Journal ("Right-to-Work Laws: Liberty, Prosperity, and Quality of Life") and finds there is "a very strong and highly statistically significant (at the 1 percent level) positive relationship between Right-to-Work laws and economic growth. ... This is a powerful finding: a seemingly modest change in the legal environment in which labor markets operate has a significant impact on the rate of economic growth."

Just one more reason I'm proud of Susie and the kids for doing their part to help Oklahomans secure their employment liberty.

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