To generalize each and every union is not the right way to address this by saying assuming that every union and its leaders are out to destroy businesses and pad their pockets and benefits with as much ad they can. Even today, most unions do nothing but good for the people in their unions AND the economy in general especially with the larger companies.
I will give my company as an example. My union was threatened during contract negotiations by the company of having our wages slashed by 30%, our benefit premiums rising by 20%, taking away one weeks vacation, and denying retirement benefits for any new hires. This was all during a time when the company saw record profits and our companies overall sales went from 6.7 billion to 8.3 billion while the CEO and board of directors got millions more in salary and bonuses. The company cited "the recession and tough economic times" as the reason the cutbacks were necessary without a reduction in workforce. They were trying to pull the wool over our eyes when we could see clearly that they were using the current American economy as an excuse to reduce our pay and benefits, despite being a global supplier and the fact that THEY MADE MORE MONEY DURING THIS TIME AND WERE CONTINUING THE TREND!!
Don't speak down on unions without walking down the road I walk on every day. I've been battling these assholes as for years....and paid union official? What's that? The only thing I get is my pride of protecting my brothers and sisters so they can provide for their families. I get no monetary compensation.
I do the same thing. When I see hard times ahead, I put money away, cut costs, and keep it all for later. If your company is doing that, I'd say they'll still be there for awhile because somebody understands business & economy ;-) . Case in point: Let's say that in 2005, my neighbor and I had houses that had $400k owed, and were worth $950k. Both of us had a pool man, gardener, and a weekly cleaning lady. Let's say the neighbor pulled out $250k more and bought a 2nd house with 1% down, and a boat, new cars, etc., and gave the help a raise. Let's say I didn't, but in stead, I sold my boat, got cheaper cars, etc., and made a $200K paydown on the mortgage, and cut the cleaning lady to every 2 weeks, and stopped the gardener to do the work myself. Maybe as a realist, I saw what was going on. Then in June '06, CRASH! The houses go down to 400K, and the neighbor gets foreclosed because his balloon payment comes up, and he's negative $200k. Mine comes up, and I leverage them into a better rate than I had before, and I pay it down $200K, and still have 50% equity. Hmmmm: Pool man still has job, cleaning lady still has 1/2 time, and all my creditors are paid up to date in good standing, and the neighbor's workers are out of luck, and he's in a motel.
NOW: What if there had been a union of homeowners, which forced ME give raises to all help, and further to pay for their medical care, and to borrow that extra $250K to go spend on crap in '06? Scary, isn't it!
Unions have their place in protecting workers from tyranny and danger in the workplace, but this should stop short of forcing employers to endanger themselves on the books. Heck; that's one smart CEO to take home a few dollars from the company, which I'm sure he stuck his neck out and he did his part to create, before the ship goes down with him on it.
*hypothetical numbers, but all other parts of this story are fact.
Charles