Goldman Sachs: Get ready for labor to crush capital in the U.S.

DYI Comments:  DYI has been stating for years that the U.S. oscillates between pro capital and pro labor.  Currently we are in the turning phase to pro labor that will last for a few more years. There will be a seminal event moving the country to full blown pro labor.  The last major event moving to pro labor was The Treaty of Detroit(1950) between the UAW and General Motors.  Wages were increased at the expense of GM's profit margin however they received a longer term contract which ended the strikes.  From then on labor was on the move increasing unions with positive contracts for their employees.  Non union shops fell into line as well.  Like all movements they went too far making corporate America uncompetitive ending the pro labor cycle.  The pro capital event was marked by Ronald Reagan firing the Air Traffic Controllers(PATCO 1981) with unions and labor on the run since that time.  What will the seminal event marking pro labor?  I don't know but I'll know it when it occurs.

DYI