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National Debt now over $60,000 per citizen. đ±
How many years before your 401K vests?
Anyone at Deloitte know how to view utilization?
If money were no issue, what would you be doing?
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đŻ trillion percent
The side of the workers? Or the union bosses? Theyâre rarely the same.
You donât understand the nuances of CBA/Unionized employees based on your two-dimensional response đ
From Chicago. Would typically agree with you, but the current Chicago Teachers Union strike is testing my believes. We put our daughter into public school - starting to regret it.
Big difference between private and public sector unions. Public sector unions are an absolute racket
OP, your view seems to be a bit naive and simplistic. If nothing else you donât appreciate the dynamics between corporations and unions. I come from coal country, the birthplace of unionization in the US. My father worked in the coal mines and I have seen the ledgers that detailed exactly the indentured servitude that was promulgated by the mining companies. The âSell your soul to the company storeâ was a quite literal song lyric.
Unionization was very much needed and a strong force for the general good. So if you ask the question: Should workers be free to unionize? Absolutely.
As working conditions improved unions transformed from fighting for desperately needed changes to creating labyrinthine rules governing even the most basic of tasks. Their demands were no longer focused on wages, safety, and working conditions but devolved into mandating the maximum and minimum size broom that could be used by janitorial staff. The case that most brought this to light for me was a smaller company in a right to work state that was floundering. There were two unions involved, one major and one minor. The company told the unions that they were going to go bankrupt if the unions didnât work with them to shore up their bottom line. They took the unprecedented step of opening their books to the unions. The major union agreed to work with the company and pressured the smaller union to do the same. They wouldnât budge. The company declared bankruptcy, was bought out of bankruptcy, and is now a non-union shop. This is just one of many illustrations of the detrimental path unions have paved for themselves. Many of the people I know that are unionized donât even like the unions because they are so far off from their original goals. They canât get out though because in many areas unions are more akin to the mafia than anything else. So, if you were to ask: Is unionization a good thing today? Probably not in most cases.
Corporate management isnât always justified in their adversarial stance toward unions but you would have to be very naive not to understand that there are significant reasons for this to exist to some extent.
Now, public unions are an entirely different matter. They are terrible and should have never been allowed due to their incredible agency issues.
Yes OP, PWC 1 wrote a thoughtful and reasonable opinion. It would be more appropriate to respond with the same. I am inclined to dismiss your perspective if your response is not coming from a place of reason, thoughtfulness, and respectful communication
I have the privilege of being in a company/sub-industry where I donât interact with clients like that.
But I think if you were on the side of the workers, you might not even work for such clients ;)
Nice to know there are pro union managers though
Have you ever been a union member or worked as an employee in a union shop?
SAME OP!
Same
Same!
OP when you say youâre on the side of the workers... you mean you agree about the union avoidance? I donât get it
No, I meant I support the workersâ right to organize into unions.
Itâs also a rather narrow view to think of unions helping âthe workers.â A union has the potential to drive higher comp for workers of a company by using its cartel power to demand higher wages, but thatâs going to drive up the companyâs costs. So, the company can either charge higher prices or take a hit on profit. If they charge higher prices, âworkersâ at other companies will have to pay more for the stuff made by the company and so will suffer. If they take a hit on profit, investors (many of which are pension funds, retirement funds, etc. that âworkersâ invest in) will suffer. Plus, workers have to pay for union membership and companies have to pay employees and lawyers to engage with the unions. So unions arenât actually helping âworkersâ overall. You canât create money out of nowhere. So unions have potential to benefit a small portion of âworkersâ while harming the rest.
âbUt WhAt AbOuT tHe InVeStOrSâ
Lolllll the vast majority of low-income Americans hold no meaningful stake in the stock market, so any movement in GMâs stock makes no difference to them. Please educate yourself: https://www.google.com/amp/s/www.nytimes.com/2018/02/08/business/economy/stocks-economy.amp.html