Monday, September 17, 2012

“Unions Built The Middle Class.” : The Blogmocracy

Link: http://www.theblogmocracy.com/2012/09/17/destruction-of-my-favorite-myths-unions-built-the-middle-class/ (via shareaholic.com)

When ever I get into a debate on the topic of economics with some of the good people I know, I can always tell when their debating chops come entirely from reading and then parroting propaganda they've been fed. One of the most laughable of all of the standard lines is the ubiquitous, "Unions built the middle class," statement. The statement ignores history that a vibrant middle class existed several decades prior to the start of the union movement in our country, the fact that in those nations where the union movement started sooner, their development of a vibrant middle class was delayed by decades when compared to that development taking place here. It also ignores the fact that even at the height of union activity here in America, union participation in the private sector never grew beyond 12%.

Franklin Roosevelt's policies did not pull us out of the great depression, they prolonged the agony for a full decade, where if we had just allowed the free market to work, it would have ended much sooner. Unemployment at the time never actually reached double digits until Herbert Hoover instituted the first of his stimulus packages. Unemployment remained at double digits until America entered WWII. Even after the war, our economy did not begin to come out of the malaise until the Presidency of Dwight Eisenhower, and his return to free market principles.

No comments: