> The purpose of unions is to extract as much as possible from the employer on the behalf of its members [...]
This is such a weird take. Why would employees do that? Employees benefit when the company benefits. If the company increases profits by 10%, that's 10% more that could potentially go to employee benefits, salaries, etc.
I want my employer to make as much profit as possible, because that guarantees my long-term employment and allows me to ask for a higher salary. If the company folds, the union folds, and everybody loses their jobs. Nobody wants that to happen.
>If the company increases profits by 10%, that's 10% more that could potentially go to employee benefits, salaries, etc.
if you work at a good company, maybe. If a company put profts back to the employees, we wouldn't need unions.
I think the interpretation of unions sucking companies dry is uncharitable. But many companies these past few decades have definitely shown they need someone to keep them in check.
I don't understand your interpretation of what I wrote... I did not write nor imply that unions are there to squeeze companies until they fold.
Obviously employees want the company to do well, at the same time unions are there to extract as much as they can on behalf of their members. Both are true and not mutually exclusive.
In your example, if profits go up 10% unions might push of big salary increases, indeed.
This is such a weird take. Why would employees do that? Employees benefit when the company benefits. If the company increases profits by 10%, that's 10% more that could potentially go to employee benefits, salaries, etc.
I want my employer to make as much profit as possible, because that guarantees my long-term employment and allows me to ask for a higher salary. If the company folds, the union folds, and everybody loses their jobs. Nobody wants that to happen.