[philipodonnell]

That may be true, but if the margins were low because the excessive expenses were due to paying people too much (per your example), then a union trying to raise wages might be the last thing they need to survive. :-)

[hpcjoe]

Back in my day, you raised wages when you could demonstrate success in your endeavor to drive more revenue/margin. You got paid less when you drove costs higher.

Seems like this is a basic law of economics or something. Monetary rewards for success, monetary losses for failures. Unions have a tendency to be out of sync with this, which means their objectives aren't aligned with managements. Which ... never ... ends well.

[heyyyouu]

I agree -- that's why this will be very interesting to see how it shakes out.