Thursday, August 18, 2022

Railroad Unions and Amazon Unions

Railroad unions formed in 1893, the year the rail bubble burst.

It makes sense that Unions would form in an overbuilt, diminishing returns period of an industry.

In the building phase, speculative investment provides funds for wages and everyone can be at least a little optimistic about their personal and professional plans.

Once diminishing returns sets in the management will turn vicious to put as much cash in their own pockets as possible as corporate funds dry up.

It's interesting that unions are forming at "tech" companies like Amazon. They'll gradually form across the industry, plus companies will start systematically shipping formerly high paying jobs like software and hardware developer jobs overseas in earnest. They tried to do it back in the early 2000s, but the overseas workforce wasn't really ready to tackle the projects at the time.

The next "big thing" is green energy, but that's really resource intensive. The tech bro model won't work at all for that endeavor. Inflation is going to be a huge problem. Governments are going to go full central planning mode, especially in Europe, which will exacerbate all the problems and cause political disintegration. 

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