4 ms·
In the private sector there's a balance: First, union and management are adversarial, since management's pay is often partly/wholly in stock/options or otherwi
by csense 10y ago
In the private sector there's a balance: First, union and management are adversarial, since management's pay is often partly/wholly in stock/options or otherwise tied to the company's financial performance. Second, if the union pushes too far then the whole enterprise will sink.
But in the public sector, neither of these things are true. Unions and management can collude to fleece the taxpayers, since management's tenure is tied to votes, not financial performance. Additionally there'll be increased taxes, a federal bailout, or some other steps taken to allow the government of California to continue to operate no matter how much their pension obligations rise.
IMHO public sector unions should be illegal.