Yet without unions, employees are on their own to evaluate the non-obvious risks and hidden costs in deals such as this one. It's massive information asymmetry

Yet without unions, employees are on their own to evaluate the non-obvious risks and hidden costs in deals such as this one. It's massive information asymmetry leading inevitably to exploitation; it's far from the ideal of perfect information and distorts the labor marketplace, leading to huge inefficiencies in the labor economy. We desperately need innovation in how labor unions are structured and compete with each other to reduce the drag they impose while keeping the benefit they provide.