That's what I always say about our form of democracy haha.
You're right, it is an important part of our society. I just think that the timing on the part of the unions is bad. No one is going to win this.
Nobody is supposed to win. My guess is that there will be some kind of settlement sooner or later. Both sides have some leverage.
I wonder if - in the big picture - this relationship is too adversarial by its nature. Maybe the competing interests of ownership, management, and labor makes companies less profitable, and less successful?
An interesting case in point is Harmac...
Thats a pulp and paper mill just down the road... The multinational that used to own it was losing money and planned to shutter it. The workers got together and purchased a share of the company, and as owners got to look at the companies real books. Once they saw the numbers they willingly took a paycut and production costs at the mill went way down. Its profitable now and last year the employee/owners got their first dividend.
The workers only have a minority position in the company... Dont quote me, but I think its about 20%. Im not promoting communism
But it was enough to refocus the efforts of labor and management on the health and profitability of the company.
Another interesting model might be the one used in some pro sports. Instead of labor negotiating wages with ownership, they negotiate for a certain piece of the total pie. So labor might get 45% of revenue and ownership might get 55%. In this scenario both "sides" have a direct stake in growing the total size of the pie. Theres still labor disputes though... over the size of the pieces... hmmmm...
Edited by dre, 23 May 2012 - 11:11 PM.