Unions haven't outlived their usefulness - Yahoo

The subject of labor unions has become an extremely divisive one in America.

Read any story on philly.com about the Post Brothers projects or the Philadelphia Convention Center, and you'll see numerous comments in support of or bashing unions.

Henry Blodget, writing for Yahoo's The Ticker, makes his case for why organized labor is very much needed. Among his arguments: Corporate profits are hitting record highs while wages are either stagnant or getting smaller.

Blodget says it's time for the people who produce the goods and services to share in that success, and companies won't do it on their own. And that's where the union can play an important role.

Read the entire story on Yahoo's The Ticker.