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this is all true, especially for those of us who make no where near that much
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Real life jobs are nowhere near this clear cut. Overly protective unions result in lower levels of innovation.
Please look to the EU and their --ZERO-- level of tech innovation and how their anti-business regulations have worked out.
Question - if you think layoffs during high profit times are bad/immoral, then should employees also accept pay cuts when profits are low?
Didn't think so. Think about that "power" dynamic you keep talking about.
In particular, note the Google Union's success at getting voluntary buyouts instead of lay-offs for RIFs.