The Decline of Unions is Your Problem, Too | TIME.com

Then they came for the trade unionists, and I didn’t speak out because I wasn’t a trade unionist.”–Martin-Niemöller

…the fact is that when unions are stronger the economy as a whole does better. Unions restore demand to an economy by raising wages for their members and putting more purchasing power to work, enabling more hiring. On the flip side, when labor is weak and capital unconstrained, corporations hoard, hiring slows, and inequality deepens. Thus we have today both record highs in corporate profits and record lows in wages.

Unfortunately, the relegation of organized labor to tiny minority status and the fact that the public sector is the last remaining stronghold for unions have led many Americans to see them as special interests seeking special privileges, often on the taxpayer’s dime. This thinking is as upside-down as our economy.

via The Decline of Unions is Your Problem, Too | TIME.com.

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