Question
Historical Context:As the American economy matured in the 20th century, the freewheeling business mogul of the Gilded Age lost luster as an American ideal. The
Historical Context:As the American economy matured in the 20th century, the freewheeling business mogul of the Gilded Age lost luster as an American ideal. The crucial change came with the emergence of the corporation, which appeared first in the railroad industry and then elsewhere. Business barons were replaced by "technocrats," high-salaried managers who became the heads of corporations. The rise of the corporation triggered, in turn, the rise of an organized labor movement that served as a countervailing force to the power and influence of business.Question:While Unions were organized to fight corporate power - an antagonistic pugilistic squaring off between employee and employer - might we look upon the union movement as a complementary facet of the growth of the corporation?In our current business and governmental environment, union membership continues to decline and their political powers erode; is this good or bad thing for the business community?Discuss!
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