I voted Generaly Bad



Unions are good in theory. In practice they stunt the economy.

Some exaples:

Erossion of Competitiveness: By negotiating greater than inflation wages, without equivalent gains to productivity to back it up, the Unions drive inflation up. Moreover, when unions are strong, any competitive advantage that might be obtained, even if it comes from Capital and not Labour, will be sucked in as higher wages. Consequently Competitiveness is eroded and as a result investment drops and fewer jobs are created since investors move to other markets. That results in huge social costs so it balances out like this 'a few benefit from good wages but the whole country stays below its steady state equilibrium and the general population suffers income penalties because of it'

Insiders/Outsiders : Union workers end up getting paid more than non-union workers and are more difficult to fire. This is unfair and beats the purpose of a Union.

A Steping Stone to Politics: I dunno about where you people live, but in Greece most ex-Union leaders become MP's