| ▲ | underlipton an hour ago | |
And the part no one talks about: the "higher floor, lower ceiling" paradigm is actually much better for sustainability (including, in many cases, sustained growth), so long as there is an actual moat around the business (i.e., it actually provides value). It is death for companies that are poorly-managed or that have unworkable business models. "Growth at all costs, including the worker well-being that union presence embodies" is a principle of businesses that are trying to outrun their own fundamental deficits, particularly among that "top percentage". They seek to portray unions as dragging the company down because it distracts from the truth of their poor leadership and business sense. Unions are like a boat's keel and anchor; smaller or non-existent ones make the boat faster, but less stable in rough environments. Ambitous Icaruses didn't get us heavier-than-air flight; sustained investment in a series of societies that supported educated middle classes over years of technological development did. The key wasn't the "obvious" straight line of gluing wings to your arms, it took a few decades of people literally spinning their (bike) wheels. Ironically, the sky was the limit only once the ceiling was lowered. | ||