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Silas - So now we are asked to be sympathetic to fools that don't know when to shut down a losing business?
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Hardly Greg.......simply pointing out reality. Those who actually create things , produce and employ people and drive the economy...........rarely put in 40 hour weeks, that is a joke. By calling those people "fools in losing businesses" shows your ignorance.Every person I know in Business, and I know a lot of them, put in massive hours to get it started and become successful to the point where they could back off and let employees handle it. I wont spend the time to explain the nuances of the delicate balance of when there is enough work to hire another employee or continue to do the work with the existing ones by putting in more hours! Americans, "union workers"could take a lesson from a lot of the foreigners who come to this country and are willing to do what ever it takes and work however many jobs and hours they need to. to put themselves through school, start their own business and become successful...all the while not feeling like they are entitled or owed something by everyone else.
Why do people whose parents benefited so much from union sacrifice and hard work hate unions so much?
Actually I have worked many a 60 or 70 hour work week, but I do get paid extra to do it. As for the others, just wait they will all come back if the Pawns have their way.
Casper
I have to disagree that unions aren't useful today, though I can understand why some people might think that way. Laws don't allow for workers to make a decent living and have health insurance. At the factory where I used to worked, management tried hard to cut our pay down to damn near minimum wage and to take away health insurance benefits (along with some lesser stuff). We fought to get a union in and being unionized gave us a voice. No, we didn't get the sun and the moon in return for being unionized and we had to take some cutbacks, but we were able to retain most of what we had originally.
At my factory where my uncle works, it's not unionized. He's been there 23 years and only earns $10/hr (which is the top pay there). I worked there for a spell and it is back-breaking work at that shop. I don't understand why the workers don't band together there and get unionized. They're worried about having to pay union dues, but at least they'll have some job security. As it stands right now, the boss there has fired longtime employees because they complained. And the company doesn't care because there's always a ton of immigrants ready to work for minimum wage and no benefits.
Without the unions standing up for workers, I suspect that America would turn into a third-world country. Why should the bigwigs care about the little guy?
I suspect you are wrong. The market determines what your labor is worth. If your uncle is paid $10 per hour that is what his labor is worth, if his company pays less than the market thinks is fair, other companies will pay him more. Try paying a nurse $10 per hour and see how many applicants you get. Unions artificially inflate wages causing the cost of their products to be artificially high or the quality to be inferior. See the US auto industry.
Don't kid yourself, your union doesn't give a fig about you. What recourse do you have if you are unhappy with the uinion? Do you think they know you have no choice? I'll tellyou, they know.
2- How does the market decide a worker's compensation versus a CEO's compensation?
3- Does a worker have any rights? Does the CEO?
If you don't know what a market is, you have no business posting here.
2-The market doesn't decide compensation versus other occupations it determines the worth of specific jobs. For instance the market doesn't determine wages for a truck driver based on a physician's wages. It determines how much it must pay in order to attract workers with the best skills.
3-Workers and CEO's have rights as provided by the law.
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