There is a common trend that the more inelastic demand is for a particular good or service, the more devastating the profit motive is. Insulin, housing, electri

There is a common trend that the more inelastic demand is for a particular good or service, the more devastating the profit motive is. Insulin, housing, electricity (eg [1]), health care in general and, yes, essential workers in logistics. We saw this in the 2022 railroad worker dispute and we're seeing it now with ports. So a myth that perpetuates around this sort of thing is that unions will bankrupt a company while the owners are the only ones taking a risk. None of this is true. Take, for example, the Big Three automakers and the 2008 GFC where the UAW took pay cuts and voluntarily gave up benefits (like the cost of living adjustment) in order to keep the automakers solvent, benefits I might add that they didn't get back until last year after striking. Did executive compensation go down? At all? People are their own worst enemies here. Many will be against the maritime union getting their demands yet when collective action benefits everyone, boht union and non-union workers [2]. So my default position is that I pretty much side with the union in 100% of these disputes (except for police unions, of course). So should you. And it shouldn't matter if you work a s-called blue collar job, work in an office or work for yourself. [1]: https://www.tiktok.com/@mrglobaltoo/video/7416024170225569054?lang=en https://www.tiktok.com/@mrglobaltoo/video/741602417022556905... [2]: https://www.workrisenetwork.org/working-knowledge/unions-raise-pay-nonunion-workers https://www.workrisenetwork.org/working-knowledge/unions-rai...