Great post, the whole thing. One question though, why can't a guy make a profit manufacturing shoes for 1 to 3 dollars didn't Air Jordans sell for 100 dollars?
Seems like the union has the upper hand, once they are in place then they can hold the company hostage, like you experienced.
Great Video, I'm stealing it.
Phil, they did make a profit. Huge one. But the laborer did not get anymore money. At the time, Michael Jordan was paid US$100 million to endorse the product, and it sold for about US$130. I thought it was interesting that the company was willing to shut down a plant in Korea and relocate to Indonesia for a savings of US$2/pair. Jordan got a huge payday for just putting his name on it. The woman who made them got enough to feed her family. This was the point I was trying to make. Unions are needed to prevent this abuse of power. The laborer deserves better pay; the money is there, it just needs to be distributed more equitably. The only one who can defend the laborer is the union. But the union needs to be wise in how it selects its leaders and how it uses its power.