We rarely hear, it has been said, of the combinations [that is, unions or colluding organizations] of masters... - Adam Smith Quotes
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Quote:We rarely hear, it has been said, of the combinations [that is, unions or colluding organizations] of masters, though frequently of those of workmen. But whoever imagines, upon this account, that masters rarely combine, is as ignorant of the world as of the subject. Masters are always and everywhere in a sort of tacit, but constant and uniform combination, not to raise the wages of labor above their actual price. - Adam Smith Quotes
  


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