All caused by corporate greed, keep lowest costs and get the highest profits. With so many 3rd world nations like Phils, China and India that has millions of cheap labour hungry for work in the 1st world countries, no wonder Oz, Europe and even Singapore locals earn depressed wages. On the other hand, the top echelons get away with ludicrous payouts. It is no wonder Occupy Wall Street is happening everywhere.
That is why a true Union cause should be supported. A true union as in, NOT something like our NTUC.
The top 1% who holds 90% of the world wealth will just keep getting richer because of their position of power and influence. I could aspire to be part of the top 1%, but for the sake of my children, my family, my friends, and mankind in general, i support all actions that could tilt the balance of wealth sharing and reduce income inequality.
The big boss came back from our Korea office cursing with four letter words - never before has he been brought to the table to negotiate with the "lowly" staff in our little office up north. Our HQ rep from Europe was particularly attentive to what the Koreans had to say because we have had a spate of suicides in other parts of the world. We wanted to sack a few staff leading the union... but instead we ended up employing a few more to work... while leaving the union leaders on our payroll at the same time spending most of their time fighting the company. They virtually brought our boss to his knees. I quietly smiled... because i know the Koreans have a case. Such is the power of the Korean unions, and i don't think Korea's progress is inhibited in anyway by the negotiating power of the labour union.
Only fools believe that powerful unions will kill the country.
