QUOTE OF THE DAY….From Ezra Klein, cutting through the fog on why CEOs don’t like unions:
The evidence is clear that unions reduce company profits, because they force firms to share more of the haul with their labor….In the end, everyone is basically battling for their self interest, and their interests conflict. CEOs want higher pay. Workers want higher pay. Workers use unions. CEOs use public relations campaigns that smear unions, often under the guise of concerns about “productivity.”
Countries can have too much unionization and they can have too little unionization. Britain in the 70s had too much. Maybe we did too, and maybe we still do in the public sector — though obviously that’s debatable. But in the private sector, and especially in the private service sector, we don’t have enough. Maybe president Obama can start to restore a better balance.