Over the second 30 years post-WWII—an era highlighted by an impasse over labor law reform in 1978, the Chrysler bailout in 1979 (which set the template for “too big to fail” corporate rescues built around deep concessions by workers), and the Reagan administration’s determination to “zap labor” into submission—labor’s bargaining power collapsed…. As a result, union membership has fallen and income inequality has worsened—reaching levels not seen since the 1920s.”
We’re all going to miss unions if this trend continues.
