But you have once again picked an industry composed of people who are not wealthy and said we should copy them to make money. There is a reason when we think "unions" the industrys that come to mind are, in the main, full of workers who don't have much job security or income.
Unions are wealth-destructive. If you destroy the wealth in an industry, it cannot afford to pay high wages. If the industry has no wealth to destroy sure, unionise. You were already going to get paid nothing and you'd still get paid nothing. That'll lock down any hope of changing practices to improve things. I don't want to work in an industry that has unions; I want to be in an industry that is full of economic zest. The reason why software engineers do so well is because they are in one of the freest markets going. The wealthiest software engineers happen to be in the freest markets too. There is a bold and obvious correlation between freedom, high wages and wealthy employees.
Reducing the freedom of software companies will not help me live comfortably. Won't help most of the rest of us either. If people don't have useful work to do at a company, they should go and find a different company to work at. That is the fastest and also most effective way to maximise wages for everyone.
> Or maybe a sweatshop - seems like another great "free market" place to work!
I mean, people mocked the Chinese for this back in the 80s, now they are wealthier than the English. So, yeah. Turned out that was the path to prosperity. India kept trying socialism and ended up decade(s) behind.
If I were in China, I would advocate sweatshops and I would also have been vindicated as they pulled themselves up from poverty to success by working hard and building stuff with poor labour practices.
All the Asians started poor and just worked hard. They didn't strike, they didn't unionise their auto manufacturers and force jobs overseas. They allowed sweatshops to run. They made the biggest improvements to their lifestyle in a generation in all of human history. If they had allowed more freedom to their population they would have gone further too. Chinese wages have risen so much thanks to allowing those sweatshops that now it isn't profitable to run a Chinese sweatshop any more.
EDIT typing a bit quickly. "Wealthier" was wrong - I meant higher energy per capita. See https://ourworldindata.org/energy . The wealth will catch up to the energy though, China is on a wildly great ride. We should, ironically, be copying some of the economic practices of these nominal communists.