It shows that for the most part, these unions are not very beneficial to people but are more of a hindrance. There was a lot of importance for them in the past with workplaces retaining a lot of power. These days, that power is far diminished. They fought for table scraps and people weren't working for months and while that was going on, the shows were off the air and most people actually enjoyed not seeing their bullshit anymore. I'm wondering if it will even be a thing in 5 years. The contract negotiations were for 3 years weren't they?
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In this instance, I am not sure it is the union. Sure there are drawbacks to them but, overall, they are part of the capitalistic model. I have no problem with private unions since they are just as responsible for the viability of the company as management. If either screws up, it is bankruptcy.
Here I dont think it is the unions as much as a shift in the way the world operates with entertainment. The late night television lineup simply isnt important to people.