Originally Posted by
Cubdriver
In the short run they will lose money but in long term they will have a stronger position by raising wages drastically.
I agree with you in principle, but companies no longer makes decisions for the long run. Management makes decisions for next quarter's bonus; and that means status quo will continue. When the company goes under or said manager gets fired, he will just go somewhere else and do the exact same thing to get next quarter's bonus.
Wash, rinse, repeat.