Is collective bargaining, the cause of America's fiscal problems?

  1. profile image50
    ladybabaposted 6 years ago

    Is collective bargaining, the cause of America's fiscal problems?

  2. peterxdunn profile image60
    peterxdunnposted 6 years ago

    Germany has the most successful economy here in Europe and possibly the world. German workers have at least 50% more disposable income: after deductions, than any other workforce in Europe. High wages in Germany are due, almost entirely, to the collective bargaining power of German trade unions. The German high wage economy obviously works. So the answer is no - collective bargaining is not the root cause of America's fiscal problems. America's fiscal problems are due - in no small part - to the rapidly diminishing spending power of average Americans and the greed: accompanied by an obsession with instant pecuniary gratification, that typifies America's financial elite. You could say that it 's the, 'making a fast buck' syndrome, that lies at the heart of all of America's financial woes.

 
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