Mike, your opinion is accurate. Union membership is declining. There's downward pressure on wages in all OECD countries, whether they have strong or weak unions. Globalization is a greater factor than unions.

I'm pro-worker, pro-labour but within a context of markets. Without markets, innovation and enterprise, there are no jobs. The share of income going to labour has fallen almost everywhere. Industry everywhere is hurting.

You're seeing it in the service industry. A Canadian runs the Bank of England. Can you imagine the US handing over the US Reserve to a foreigner to make independent monetary policy?