Saturday, January 17, 2004
The bottom line on unions
Unions are the result of robber baron capitalism oligopolies.
They have generally outlived their usefullness in the US, as evidenced by the continued decline in enrollments. Workers today have far more rights and choices than their forebears, and are as likely to end up as stockholders in the companies they work for as pensioners.
It can be argued that we still need unions or the threat of unions to keep the worst employers in line, but the real battle is primarily one of splitting the pie with foreign competition. For that, the only weapon is productivity.