Friday, February 20, 2015

Via Lady Grey / FB:



Many Americans think unions drag down the economy over all, but scholars disagree. American auto unions are often mentioned, but Germany’s car workers have a strong union, and so do Toyota’s in Japan and Kia’s in South Korea. In Germany, the average autoworker earns about $67 per hour in salary and benefits, compared with $34 in the United States. Yet Germany’s car companies in 2010 produced more than twice as many vehicles as American companies did, and they were highly profitable. It’s too glib to say that the problem in the American sector was just unions.

Or look at American history. The peak years for unions were the 1940s and ’50s, which were also some of the fastest-growing years for the United States ever — and with broadly shared prosperity.

Read more: http://nyti.ms/185T39t

And thank a union it's Friday.

~ Lady Grey

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