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Reply #83: The 1950s economic boom wouldn't have been possible except for 1) the New Deal and 2) labor unions. [View All]

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Selatius Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-07-11 01:32 AM
Response to Reply #34
83. The 1950s economic boom wouldn't have been possible except for 1) the New Deal and 2) labor unions.
The latter was crippled with the passage of the Taft-Hartley Act at the end of the 1940s. Despite that, in the 1950s about a third of the work force was a member of the labor unions, and employers in non-unionized areas were wise to pay union-level wages in order to convince workers not to unionize, that and the benefits they offered.

Despite all the regulatory reforms and strong labor unions, capitalists still succeeded in breaking down labor unions and enacting regimens of idiotic deregulation. With somewhere between 5% to 10% of workers in labor unions, employers can easily get away with paying 7.25/hr for something such as a nurse's aide. We're now regressing back to the point where things were like the 1930s, but if they could ever repeal Medicare, Medicaid, and the New Deal in its entirety, we'd really be back to the 1930s where people literally starved to death due to unemployment.
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