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Forum - Wall Street Pit    Stock Due Diligence for All

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From: ryanh (Rep: 396)Date: 11/16/2012 15:45
Forum: Wall Street Pit - Msg #2332006Thread #673476360 (Rec: 1)
Back in the early 1900's, unions were essential because workers were literally being worked to death and children were made to work in places we wouldn't consider adequate for a dog. Today, unions have outlived their usefulness and insist on pay/comp packages that are way out of line with what the market would bear if it were allowed to work properly. If you're a big union-supporter, go to where they really need unions...China. American workers can fend for themselves in this day and age and union greed has caused the downturn of the American auto industry, airline industry and worse yet, municipalities who now owe so much in retirement benefits that they pay more to people who no longer work for them than for those who do. I don't blame union members...they just want what's best for their families. I blame the existence of unions themselves who demand that Twinkie chefs can't possibly work for fair wages or that Chicago teachers need to abandon their students to go picket so that even their worst members can never be fired. Let's be real: If the value of your labor is worth a lot more than what your company pays you, then you should be able to find a better job. If you can't find a better job, your labor is probably not worth as much as you think it is. That's how markets work.

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