Home » Behavioural Investing » What Will Big Labour Destroy Next? Big Government Not the Inaugural Address $SPX $DJIA

What Will Big Labour Destroy Next? Big Government Not the Inaugural Address $SPX $DJIA

The very unfortunate fact about big labour is that eventually any economic entity such as a business fails to exist unless they can shake off big labour. Look at big auto, big steel, major industrials with large unionized work forces have mostly gone bankrupt, lost tremendous shareholder value and often are just ground into the dust.

Unionized blue-collar labour has shrunk to a shadow of its former self as one company after another closed, folded, privatized, sold out, collapsed or just plain disappeared. Everything from Cadillacs to Twinkies were union-made. All of them went through catastrophic declines.

The only place where big labour still exists in a strong vibrant form is with big government. Municipal, State and Federal work forces are overwhelming unionized and squeeze the governments (read tax payers).

The end game must be to evolve past the union model or the result will be economic decline.

George Gutowski writes from a caveat emptor perspective. Follow him on twitter@financialskepti or maybe follow his evil twin who is writing a Wall Street Murder Thriller at twitter@georgegutowski

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