Well there is a couple of reasons we can't go back to your unionist, protectionist paradise. One of them is Japan, China, South Korea, India, Brazil, Mexico, a rebuilt Germany, a rebuilt Europe. There are lots of reasons why we cannot "go back to that". The US is actually competing with other nations around the world, whereas in the 1950s, we could afford to have uncompetitive wages, tax rates, business costs etc etc because the third world still had not started developing and the western world other than the US was destroyed from WW2. The US was the only game in town, they had the largest industrial capacity and despite an unfavorable business environment, they still were able to export their goods at the lowest costs because the rest of the world had little capacity to speak of.[
The worker does not have to make a profit. The worker's interest is in earning a wage doing work that doesn't suck in conditions that don't suck. In the past unions were the voice of the worker to improve working conditions, wages, and address safety issues to EVERYBODY's advantage including the employer.
But when the unions no longer are interested in working with an employer but rather assume a right to whatever the employer has with no concern for consequences, the unions become thugs, tyrants, and destructive to the process.
The worker does not put his savings and working capital at risk in a new venture. The worker does not lose anything but future earnings if a business goes under. It is the employer who is responsible for the infrastructure, overhead, liability risks, insurance,....
I've seen too much bad behavior by employers to break out the violins for them.
The country worked a lot better when we had strong unions. That was before the wealthy bought our government and got Free Trade and Right to Work and all the other stupidity.
"The problem with Capitalism is Capitalists... they're too damned greedy"- Herbert Hoover.
Exactly.
That is an interesting perspective that I have not seen before. And I'm going to think on it a bit before I agree or disagree though my initial reaction was to agree.