If EVERYONE had a union, everything would be fine. Well, cost of goods might go up, but thats it.
The real threat is when you have a union leveraging higher wages, but competitors don’t. Might be new startups, or foreign companies operating with fewer regulations.
Either way, if your labor costs more than the competition, it can be very difficult to keep up.
Ideally the union is a partner who respects what a company can reasonable afford. Of course sometimes the union members prioritize the short term.
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