What is rubbish is the $39 billion of fees every year that old political hacks and financial planners get their hooks into ,it is fact that union membership has fallen ,it is a fact that the union movement have financially benefited form industry funds. The industry funds are starting to increase fees and will turn out to be a giant ponzi scheme and members will end will end up with low returns and still be largely dependent on the pension,the only reason industry have funds been performing is that they have more money coming into the funds than going out,when the reverse happens their performance will be below par.
