Thread regarding Dynegy Inc. layoffs

Labor unions weren't formed to protect employee's pension plans, they were formed to protect employees from unsafe working conditions

Labor unions weren't formed to protect employee's pension plans, they were formed to protect employees from unsafe working conditions. They have outlived their usefulness and represent a major inefficiency in any labor market where the unionized workers do not represent a premium brand of labor. IBEW is an example of a "good" union, in which you can broadly expect to get things done better and faster when you hire from IBEW vs non-unionized electricians.

The Chicago Teachers Union, like the NFL Referees, and the Subway Workers, and Sanitation Workers, and a whole host of marginalized labor groups, don't provide any premium branding for their labor; only the NFL Refs have even half a claim to being the "best" available. These unions exist solely to create inefficiency

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