2min chapter

All-In with Chamath, Jason, Sacks & Friedberg cover image

E139: Recapping Chamath's wedding, VC surplus, unions vs Hollywood, room-temp superconductors & more

All-In with Chamath, Jason, Sacks & Friedberg

CHAPTER

The Proliferation of Unions

I think the steel man case for unions and the reason why they formed in the first place is because American industry was basically owned by an oligopoly. So if you have a monopoly of industries like US steel or standard oil, then there's not a competitive labor market. That's why the unions got started is you needed a basically monopoly of labor to face off against a monopoly of business. And I think in those conditions, we're talking about the early 1900s. You were losing limbs in factories. But now you're talking about much more competitive industries.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode