Quote:
Originally posted by Greedy,Greedy,Greedy
If you want a good metric for third world countries that have successfully developed, look to unionization. It's union wages that create the middle class that fuels demand and creates a real economy, instead of a pure export-oriented economy.
So do you mind when capitalists influence the laws?
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Thats nice, but it doesn't work when globalization allows your competitor to move his labor costs offshore and sell his competing product (which is usually built much better abroad) cheaper. Unless protectionism is embraced, which it will never be, the unions will continue to wither. BUT, eventually, labor costs abraod will rise, as they are in India, and it will again become profitable to build things domestically. When it becomes profitable enough to build at home and eat the shakedown costs from the unions, the jobs will return. But if you're a worker caught in the in between time, well, you're a market casualty. It happens.
