Henry Blodget, former equity research analyst, has had an antipathy toward unions. He has thought that unions led to a sense of entitlement, decreased corporate competitiveness and ultimately led to the transfer of jobs overseas. We now have a larger problem, Blodget says: while corporate profits are at an all-time high, wages as a percent of the economy are at an all-time low. Companies are so obsessed by short-term profits that they’re paying employees less and not investing in future growth, keeping the economy from recovery. Robust labor unions are needed again to increase workers’ compensation. Corporations won’t voluntarily do it (BusinessInsider.com, August 2).