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10/10/18

20:30

Post #: 36074412
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Originally posted by NotWarrenBuffet: ↑

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.

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What about productivity, or aren't you interested in that dynamic.
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