Organized labor was extremely problematic for capital since WW2.
The new dealers ( FDR, Truman ) gave organized labor tremendous power because without it the USA would probably have had a big communist party.
They also knew the deflationary period of the 1930s lead to the rise of fascism and nationalism in Europe. So the petty greed of capital was scarified at the altar to maintain peace. They were also willing to sacrifice growth to maintain peace.
We are going through a similar period of deflationary shock, so it's going to be interesting to see how it plays out and ends.
Most likely the source of unrest may not be US but China.
The new dealers ( FDR, Truman ) gave organized labor tremendous power because without it the USA would probably have had a big communist party.
They also knew the deflationary period of the 1930s lead to the rise of fascism and nationalism in Europe. So the petty greed of capital was scarified at the altar to maintain peace. They were also willing to sacrifice growth to maintain peace.
We are going through a similar period of deflationary shock, so it's going to be interesting to see how it plays out and ends.
Most likely the source of unrest may not be US but China.