Earlier quoted context omitted.
"You're saying that ..." No, that's not what he's saying, and no, a single person does not have the same leverage an entire collective has against a larger company.
But.. You're pregnant! You're entitled to maturity leave right? Isn't that normal? Why do you need "leverage"? I'm not kidding, so I'll ask again, even clearer. Does America not have the concept of maturity leave by law? Is it like considered a perk or something? I'm so confused because, well, where I live when you're pregnant, tell the boss is exactly what you'd do ! And then you get maturity leave. And the GGP says…
It's a metaphor.
The implication is that in the absence of a bargaining organization and a written agreement, employees will go to their manager with a situation, and the manager will have to invent an individual policy on the spot, which will be more trouble for all, and probably worse for the employee. Certainly less fair, since not everybody has the same manager, or the same relationship with them.
Pregnancy is the vehicle of this metaphor. Nobody would claim that pregnant women would be better off without a written policy for maternity leave. All other situations are the tenor. There's no reason to believe that individual-serving-sized policies for other situations would work any better than for maternity leave.
sequoia isn't saying anything about maternity leave. They're using maternity leave as an example, to say something about the need for collective bargaining.