Wednesday, March 28, 2007

The UAW

Era may be coming to a close. With a contract expiring in September, a strike would certainly cripple the American auto companies, and may well push one of the big three underwater.

The UAW has gone from 1,500,000 million members in the 70s to to about 557,000. A long, contentious strike that closes one of the big three could easily drop that number in half.

That’s not likely to be a scenario that causes other workers to clamor to join the union.

The lesson that younger workers are likely to learn from all of this is that unions can’t guarantee either job security or wage increases.