There is a time and a place for unions. Unfortunately for consumers, the time for most large unions has long passed, yet they remain even more powerful today than they ever were.
Organized labor is most well reknown for extracting concessions from greedy employers. What is less talked about is how today's unions, particularly in the automotive industry, construction, and government sector, have extracted luxurious working arrangements at the expense of the common man. Each concession made to unions is paid for by raising prices and/or taxes.
Eamples of the cost of regulations imposed by unions being passed onto consumers are:
the cost of renting an apartment in NYC ($1,900) costs more than most mortgages in America ($1403)
metro systems across the globe face unjustifiable fare hikes
GM hasn't made a profit since 2005
It's about time somebody spoke up about the dangers of organized labor excesses and where the line exists between a dignified wage and destructive extortion.
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