Margaret Chase Smith: Big Unions

Posted by admin on Sunday, December 15, 2019

Margaret Chase Smith Money Quote saying Big companies mean organized labor. Power will be balanced. Margaret Chase Smith said:
 

 

“As long as there are big corporations, there will be big unions. The economic power of big business will be matched by the economic power of the big unions” — Margaret Chase Smith

 

 

In this quote, Margaret Chase Smith is acknowledging an economic reality of the relationship between large corporations and unions. She suggests that as long as there are huge influential companies (“big corporations”), there will also be huge labor groups (“big unions”) that form to counterbalance the power of big business and advocate for workers’ rights and interests.

Smith implies that the economic clout and size of massive corporations will naturally spur the rise of similarly large unions, as workers band together through unionization to gain collective bargaining power and influence comparable to their huge corporate employers. Her view is that the scale of business will be matched by the scale of organized labor, with each side seeking to wield comparable economic power to the other in negotiations and policymaking.