And there's plenty of money flying around in my industry. The convention side is a writeoff for most of those companies. Then there's concerts and theater. We work for much less for the theaters so they can afford it.
My union is structurally different from say an autoworker union. Our work isn't 9-5 40 hours a week. Work is doled out to senior members first, but is also based on skillset.
I actually prefer the European model where labor is on the board. Minimizes silly nonsense from management and allows the kind of flexibility between investors and labor our adversarial system does not.