[Apocryphon]

Workers don't have an incentive of bankrupting the company. And not all employees are so blasé about finding another job- there are always some dependent upon a company for their livelihoods. Different owners also have different risk thresholds. As evidenced by the lavish VC funding of the past decade, there are many investors with a strong stomach for waste and failure.

Examples of unions fighting for management to make better business decisions:

https://news.ycombinator.com/item?id=13986889

https://www.vice.com/en/article/y3mjxg/general-electric-work...