The contrast between today and yesterday could not be more dramatic. This newfound prosperity has not produced social peace and tranquility. He represents the collective interests of 25 unions and he said two weeks ago to the Rotary Club of East Nassau - Unions and employers must work together to produce economic growth. However, unions and employers do not have the right formula to do that. Employers do very little to increase labour productivity other than causing employees to work faster and longer for less money.
Employers improve employee benefits only when forced by worker action or by labour legislation.
Either the employers and unions jointly resolve such disputes and complaints or the unions will destroy the economy. This does not sound like a description of peace and tranquility. It is important to understand just what Mr. Ferguson is reacting to. I would like to talk about two factors that appear relevant. The union-government tango.