> Like any other cartel they don’t make the economic pie bigger they make sure their members get more pie. Pie either goes to consumers in the form of lower prices, owners in higher profits or workers on higher wages.
I agree with you completely, except owners currently take a disproportionate slice of the pie. That is the cause of wealth inequality -- the power of unions to demand a bigger slice of the pie ultimately impacts the entire economy. Somewhat paradoxically, unions have much more of an interest in the long-term survival of the company than shareholders, who often take a short-term view of profitability. This ultimately leads to better decision-making.
I agree with you completely, except owners currently take a disproportionate slice of the pie. That is the cause of wealth inequality -- the power of unions to demand a bigger slice of the pie ultimately impacts the entire economy. Somewhat paradoxically, unions have much more of an interest in the long-term survival of the company than shareholders, who often take a short-term view of profitability. This ultimately leads to better decision-making.