I fear that corporate accountants will manipulate the books to show lower profits and thereby screw the workers.
If I understand your theorem correctly the workers would get more pay when times are good and less when times are bad.
And I assume this would not apply to government labor unions where the states’ are constantly broke but the workers get amazing benefits and wages.
Don’t get me started on government unions here in NJ where the average person has been devastated but union workers took little or no hit. The “you vote for me and I’ll take care of you” mentality is extremely incestuous.