Your observation rests on a truism that, hey, people look out to maximize their self-interests. Unsurprising. The point here is that the two sides of labor and

Your observation rests on a truism that, hey, people look out to maximize their self-interests. Unsurprising. The point here is that the two sides of labor and equity exerting pressure and regulating each other (in an informal sense) is not inherently bad by any means, and mostly desirable over one side becoming stagnant in its dominance. There are obviously many arguments that can be made against labor unions, but appealing to things like "the real world" and "attitude of entitlement" is silly. Especially considering that many people who make propositions like this are then just as quick to defend rent-seeking activities, as long as it creates liquidity it's all fine in their world view.