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Sunday, April 19, 2026

Steve Schmidt "The Union movement absolutely built the American middle class " - Daily Kos

The fact is that unions give people a ticket to the middle class. Big businesses dominate the economy.

For example, the top four domestic airlines collected 41 percent of the industry’s revenue 10 years ago; today they collect 65 percent. It’s the same story in the beer industry, where four firms control nearly 90 percent of the market despite the proliferation of craft brewers. Even in the poultry industry, Tyson’s, Pilgrim’s Pride, and Perdue all but control U.S. production. And three major drug store chains – Walgreens, CVS Health, and Rite Aid – dominate that industry.

Facebook has acquired 67 firms and Amazon 91 firms – some of which were rising, young competitors – without being challenged by regulators. And the number of companies listed on the New York Stock Exchange fell by half between 1996 and 2016.

This is a fancy way of saying that the United States has massive income inequality, with the top 1 percent earning 23.8 percent of the national income and controlling 38.6 percent of national wealth.

An individual either applying to work at a big and successful company or trying to move up within it faces a situation in which there is a great inequity in power; there is nothing that even approaches a level playing field. By virtue of their sheer size and market share, they don’t need a new potential employee whereas the applicant needs a job. They have better representation than the employee or the applicant. The applicant can’t force the big business to provide...



Read Full Story: https://www.dailykos.com/stories/2022/9/21/2124448/-Steve-Schmidt-The-Union-m...