Unions worked well when manufacturing was a growth industry. Today, we simply live in a time when the fast-growing companies overspend on different things. h/t @paulg http://www.paulgraham.com/unions.html

People who worry about the increasing gap between rich and poor generally look back on the mid twentieth century as a golden age. In those days we had a large number of high-paying union manufacturing jobs that boosted the median income.

from Pocket http://www.paulgraham.com/unions.html

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