Well, we're just gonna disagree Laz.
I think if you cut out the difference caused by retirees, for example, the situation would be a lot closer. And, has been pointed out, the "job bank" where idle workers still get paid was a management bargaining goal.
What do you do with those retirees? They worked their lives for the company with the understanding that the retirement would be there. It was a part of the package all those years. Now do you just cancel it because a newer company came in without those legacy costs? When is a deal a deal? This is why any retirement funds should be held in the employees own name.
You think labor wears the lion's share of the blame. I think the mud is essentially equally distributed. The difference is the idiot managers will walk with literally tens of millions of dollars when the company fails, the union bosses will have hundreds of thousands and the everyday working stiff will get nothing but the shaft.
Without abusive management, there'd be no unions.
Unfortunately the only thing worse than a union is ..... no union.