Germany's auto industry is a great example of a highly unionized industry. Pay is good. But also, it's very hard for Germany to enact anti-oil and gas policies (carbon reduction / pro-environment) because it hurts auto workers. It should also give anyone really pro-union pause to consider why Germany didn't produce Tesla. They had every advantage imaginable including a well-trained workforce, existing manufacturing infrastructure, the deepest capital markets in Europe, and existing distribution relationships. And yet, the Americans beat them to it. Why, you ask? Because workers don't want to retrain or change what they've been doing for 50+ years. There's too much inertia, too much complacency, too much "this is how we've always done things".
this does not take into account the other side of the ledger -- the behavior, movement and dispersion of Kapital. Is there a shortage of profit in the last forty years, that requires creative destruction at every turn?
Perhaps the secret ingredient would be something called "stability" that includes accounting for the real system-level costs of luxury resorts, massive sports franchises, excessive personal medication and single-use plastics?
Am I seriously proposing that the German Auto Industry is good the way it is for the next 200 years? no.. is California a model for the world economic growth in the next twenty years? you tell me
Growth creates new opportunities.
Just saying here's an anecdatum about a money-making business that said the same kinds of things and is doing very well for itself.
