Harold Meyerson

The cliff that America sidestepped with time to spare in 2012 was the one on the nation’s docks. On Friday, harbor operators and shippers reached an agreement with the union representing nearly 15,000 longshoremen on the East and Gulf coasts. The key point holding up the signing of a new contract was whether dockworkers would continue to receive royalties on the containers they hoisted on and off ships. With that issue resolved, apparently to the workers’ satisfaction, their union agreed to call off a year-end strike pending the resolution of less contentious points, and the nation was spared a work stoppage that would have slowed imports and exports to a relative trickle.

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American labor can begin the new year with thanks that 2012 is over. Not that the unions didn’t win some big victories in 2012. Their political programs in key swing states played a major role in President Obama’s re-election, both by turning out minority voters in record numbers in Ohio, Nevada, and Florida and by winning Obama a higher share of white, working-class voters in the industrial Midwest than he won in other regions. Their efforts also helped liberal Democrats hold key Senate seats in Ohio (Sherrod Brown) and Wisconsin (Tammy Baldwin), and pick up Massachusetts (Elizabeth Warren). In California, the nation’s mega-state, unions beat back a ballot measure designed to cripple their political programs by a decisive 12.5-percent margin, turning out so many voters that they also helped a key tax-hike measure pass at the polls and enabled the Democrats to win super-majorities in the state legislature.

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Compare the rate of murder by gun in the United States to the rate in any other advanced industrial nation, and you’re forced to draw one of two conclusions: Either there are far more homicidal people in this country than just about anyplace else on Earth, or far more guns. We must either be home to more people who succumb to murderous rage or who kill out of the coldest of calculations, or it’s easier to pick up a gun and start shooting here than in any comparable country.

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China has a problem: rising inequality. The gap between profits and wages is soaring. Although elements of the government have sought to boost workers’ incomes, they have been thwarted by major companies and banks “that don’t want to give more profit to the country and let the government distribute it,” Qi Jingmei, a research fellow for a government think tank, told the Wall Street Journal.

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Labor never ruled Michigan as such. It may have been home to the best and biggest American union, the United Auto Workers, but even at the height of their power, the UAW could seldom elect its candidates to Detroit city government. Still, the UAW dominated the state’s Democratic Party and much of state politics for decades—at least, until the auto industry radically downsized.

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The rich may be different from you and me, as F. Scott Fitzgerald once noted, but bankers are increasingly different from the rest of the rich. In this year’s election, Wall Street’s campaign contributions and voting patterns, as best we can discern them, bear no resemblance to the contributions and votes from our other most highly paid sectors — particularly high tech.

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