That's nice
Let's compare that to twelve hour days for cents an hour, no sick days, no parental leave, fired for not filling quotas, monster industrial maiming with no compensation due to the horribly dangerous conditions, child labour, etc.
In the overall scheme of things, having the shareholders of a few industrial dinosaurs take a rough ride because of their incompetent management's inability to negotiate or to be willing to take the short term losses to get the contract to ensure the long term survivability of the firm doesn't strike me as a terrible price to pay.
Of course union contracts try to preserve the status quo for the long term empoloyees; just as shareholders demand a steady stream of profit, so do workers. It's their job, fer chrissakes, just as it's the job of management to say no when necessary, and be willing to show the union why they have to say no.
Once again, afaic, history trumps ideology; go read [link|http://www.amazon.com/gp/search/ref=br_ss_hs/102-7962868-6440160?platform=gurupa&url=index%3Dblended&keywords=The+Jungle&Go.x=0&Go.y=0&Go=Go|The Jungle] to get a handle on how bad things were before unions. I don't care what the little system says how it's supposed to work; I'm more interested in seeing what worked before: you know, the scientific method.
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