An Alternative Theory of Unions

"Difficult though it may be to imagine now, manufacturing was a growth industry in the mid twentieth century. [...] The early twentieth century was just a fast-growing startup overpaying for infrastructure. [We haven't] abandoned whatever mysterious high-minded principles produced the high-paying union job. We simply live in a time when the fast-growing companies overspend on different things."

Ad: "Hackers & Painters" by Paul Graham

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Source: http://www.paulgraham.com/unions.html
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