Just to add to what Mr. Georgetti just said, it has a tremendous trickle-down effect, a very detrimental trickle-down effect. There's nothing worse, and again I speak from experience, than sitting at a bargaining table and having to listen to “we have to check back with our principals”, and literally waiting for days at the bargaining table for the employer to come back and respond to very simple bargaining demands.
On May 23rd, 2013. See this statement in context.