The most common union disaster is the employer suddenly and without warning deciding to shutter the location that unionized, usually citing 'crime'.
The most common union disaster is the employer suddenly and without warning deciding to shutter the location that unionized, usually citing 'crime'.
My father in law ran a decent electrians business and the employees unionized and the costs destroyed his business. He ended up returning to be a tradesman despite being in his 50s as he took debt to keep it afloat and the employees now work non-unionized at the only other electrician business in town with a worse boss (according to friends I know in town disconnected from the drama). That's usually the most common disaster.
If a business is 'destroyed' by rising prices of its inputs, we generally don't blame the vendors.
Cost of labour went up, it's up to the business to adapt.
Sounds like it did adapt. It did the rational thing of ceasing to exist (taking all the jobs with it).
And unless people in that town stopped using electricity, all of those jobs didn't disappear, they were recreated at the next shop over.
I doubt the uncle in this story was John Galt, or some other fantasy superhero.
He literally took loans to try to adapt but the economics and large administrative burden didn't make sense.
Is that actually the most common?