That’s unfair. We’ve got to act.
Follow the bouncing ball.
Imagine an American in which unions hadn’t gone into decline.
In that world, workers would have had the leverage to bargain. So instead of flat compensation for 40 years, we’d turn some of that Ever growing executive compensation into higher wages for labor.
In the world where workers have more money year over year, they don’t need to borrow money against their houses in order to afford their lifestyles.
In the world where second mortgages do not become normal, Wall Street lacks the raw material to create the CDO, and the synthetic loan.
In the world where Wall Street cannot do that, the housing crisis doesn’t happen, or if it does happen it’s effects are minimized.
In a world where the effects are minimal or non existent, We’re not facing 10% unemployment that’s causing the US government to borrow even more money.
I could go on. But you should get the point. Unions are the key by which America unlocks prosperity. We let managment break that key, but a new one can be forged. They’re doing it right now in Wisconsin.
