You have a job.
You are a worker.
You make a wage.
You want a raise.
Your boss eventually agrees, and raises his prices to give you a raise.
All the other bosses at all the other companies do the same.
You take your 10% raise and find everything at the store costs 10% more.
You have not gotten any benefit from your raise.
You sit down with your boss and ask him how you can get ahead.
Improving efficiency. Make 5 widgets for every one you made before. That way, prices hold or fall, and wages stay steady.
So the real way to increase quality of life is to increase worker productivity.
Enter the labor union.
What do labor unions do? The stated stuff, not the corrupt stuff.
- They fight for increasing wages
- They fight a boss’s ability to fire unproductive workers
- They fight to increase paid time off
- More holidays
- More vacation
- Maternity/Paternity leave
- They fight for endless medical and retirement plans, sometimes more than the worker has contributed to their plan
- They make it so the union gets to decide who gets jobs, and no worker may be brought in on his own contract
All these things directly impact productivity. That leads to increasing prices without increasing quality.
Union workers like to imagine that their higher wages make them wealthier, but that assumes all other companies are not raising wages and prices. There was an ad years ago that said, In 1900, a $20 gold piece would buy you a really nice suit. Today, a $20 gold piece is worth about $1300. The gold piece will still buy you a great suit, but your $20 bill won’t pay for the alterations.
If you really want to become more wealthy (real wealth), then figure out how to do your job better, faster, more efficiently.