Originally Posted by
Pineapple Guy
I agree with that assessment. Having said that, I also think you can look around the various industries that were heavily unionized (steel, auto, airlines) and see how old-fashioned capitalism has put tremendous long term downside pressure on their wages. While a profitable industry will make for more of an ability to pay higher wages than at present, my personal opinion, and I know it is EXTREMELY unpopular to say this, is that we can reverse the downtrend, but it is extremely unlikely we will ever see this job pay like it did prior to deregulation.
Agreed-the capitalists are very, very smart. They flow to where the money is. As well, you can bet the other employees who are about to be unionized across the industry will want a bigger and bigger piece of the pie. My hope is that most remain rational. In many ways, a management team sees a strike as an opportunity to press the Code Red bankruptcy button generating numerous golden parachutes (and subsequent attorney fees).