JoeB131
Diamond Member
Are labor unions good or bad for capitalism and economic growth?
Explain in 300 words or less, please.
They are good for Democracy.
The biggest lie that has every been told is that investment creates jobs. Bullshit. Consumer activity creates jobs, and unions make sure of consumer activity by making sure that working people get a fair share of the proceeds of an enterprise.
That in turn spurs more consumer activity as other working people make stuff that they buy.
So it is no surprise we enjoyed our greatest prosperity in the period between 1945 and 1975 when the workforce was mostly unionized and people were bringing home good wages.