Wake up, Betterman, it's not the 1970s anymore! Unions have...

Wake up, Betterman, it's not the 1970s anymore!

Unions have never been weaker and more ineffectual than now. Fewer than 15% of people are members, compared to around 50% 45 years ago -- a large part of our current wage stagnation is due precisely to this weakness. The trend towards the casualisation of work is also due to union weakness.

When unions are on a roll, and winning larger slices of the pie, consumption increases as does economic activity. It's what we need a bit of now.