Except that collective bargaining distorts our perception of their value by allowing them to hold the entire system hostage. If my job was to press a button onc

Except that collective bargaining distorts our perception of their value by allowing them to hold the entire system hostage. If my job was to press a button once a day that kept the electricity on in San Francisco, I could go on strike and negotiate a salary of millions of dollars. That doesn't mean that I would be providing millions of dollars worth of value (since I could be replaced by a trained monkey or robot).