GlennAlanBerry
Member
Labor unions are one of the few defenses that the average worker has against the absolute power of large corporations. Unionization in the United States has been in pretty steep decline for the last 30-40 years, just as income inequality has become much worse during the same period.
If people on the lower end of the economic spectrum have more money, they tend to spend it, which increases economic demand, which is good for everyone. Raising the minimum wage would have also a stimulative effect on the economy.
Henry Ford had the wisdom to pay his workers enough so they could realistically afford to buy a Model T, out of enlightened self-interest. I am not sure why modern corporations cannot seem to see past their quarterly results in this "race to the bottom". Not everyone can or should go to college. Unions tend to help blue-collar workers become part of the economic middle-class, which grows the overall market for goods and services.
If people on the lower end of the economic spectrum have more money, they tend to spend it, which increases economic demand, which is good for everyone. Raising the minimum wage would have also a stimulative effect on the economy.
Henry Ford had the wisdom to pay his workers enough so they could realistically afford to buy a Model T, out of enlightened self-interest. I am not sure why modern corporations cannot seem to see past their quarterly results in this "race to the bottom". Not everyone can or should go to college. Unions tend to help blue-collar workers become part of the economic middle-class, which grows the overall market for goods and services.