I think they’re more important than ever, as employers become more corporate, their owners (shareholders) more detached from the businesses they don’t see people they see share price and dividend and demand efficiency it’s the employees who suffer.
Ultimately ‘efficiency’ is caustic, efficiency says employee rights are bad, efficiency says that wages are always too high, efficiency says they workloads are too low and usually efficiency says British Employees are lazy and greedy and we should move to a country where they have less rights and are much cheaper and efficiency means the powers that be we make sure is financially viable to do so as long as they keep HQ in the UK because it boosts our currency value and means ‘the city’ can earn fortunes for doing not very much.
Efficiency and the decline and erosion of union powers created our unbalanced economy and our large ‘under class’.