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How Powerful are Unions?

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  • Description

    FBN’s John Stossel on the impact unions have on the economy.

  • Duration 3:43
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OT to strike a move up and I'm gonna say that the unions want.

But now the focus has shifted to the Chicago teachers' pension fund which is running drive according to the New York Times.

Jones also is he and they show this week is about how much power unions really have just a second take a look at this.

-- -- -- I don't know what the who in the college -- -- -- everything you know much about how.

Spoon fed.

-- at a high school mr.

-- here is his name is John to the Russell at.

What you attended these big union rallies yet that was not Chicago's I was Philadelphia -- -- but what was the sense that you got out of of in the little hostility that.

-- -- -- level given who I am if things are argue.

Though are or -- special correspondent Kennedy they were saying we need a union bill of rights right to a -- -- job and a living wage and so on.

She said how -- employers bill of rights the right to hire and fire the right to decide what you pay people.

Then they get really angry and put on -- sirens people couldn't talk to her room.

There's this sense among them that without unions there would be no middle class nobody would get a raise everybody would be paid two dollars an hour.

-- don't know that 95% of the people in this country get paid more than minimum wage not because of any law because of the market.

They say unions created the middle class oh -- the eight day work week.

Well in truth Henry Ford in 1914.

Created the eight day work week to compete to attract good workers he doubled workers' pay.

The UAW didn't appear to organize until thirty years later.

One last example -- not just to throw that -- -- we protect the workers they say and the unit contract briefly does but that it kills off shops Toyota in the past twenty.

Years -- 151000.

Jobs not in Japan in the United States.

Largely nonunion Toyota.

GM at the same time lost 400000.

Jobs.

Partly because of the union rules how does -- help workers.

And and Europe but to your point.

I have a friend no one of my best friends who's that that -- -- was he elevated.

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- And he's complaining.

And the other think I didn't make that much money -- a few years ago so.

You know the idea that somehow in this bothers me because this is -- the underlying theme in this the election as well that's somewhere along the line maybe government may have to step then.

And decide where to cut off -- levels before the owners out agreed to levels not levels value laden but just how much profits that you -- -- -- President Obama say things like this.

Before because it's hard to explain to people how the market regulates that yes some people in a free society will do much better than others.

But we all -- Way but you'll you'll -- -- is winning.

Amid the the degree of unionization the private sector has been shrinking for a couple of generations because they have to compete.

But my argument is not winning in the hearts and bonds.

It is where they have to compete in those industries -- in the public sector union where they can use -- monopoly it's growing.

I think most Americans think without unions.

Workers would suffer and that's the nature of your show is not tonight on the Fox Business you know I gotta say I -- -- man.

Dressed like you.

Within fox label are.

Not going into a union rally I had my most people were very no accidents.

I find that when I walked on the street must be really really -- -- to.

And occasionally there.

I know additionally.

And I'm gonna British Jackson which he wasn't looking -- -- frankly all right Johnson also watching tonight -- -- a pro.

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