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Politics : Ask Michael Burke
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To: Don Lloyd who wrote (91775)8/22/2001 2:53:54 PM
From: shadowman  Read Replies (1) of 132070
 
If the employee demands too high a price for his labor, whether or not it is a result of a legal minimum wage, the employer MUST, for his own survival, and/or in exercising his fiduciary duties to his shareholders, decline the offer.

I don't believe that for a second<ggg>...sounds good in theory but the practice is another thing. Corporate management seems to have a much more difficult time exercising it's fiduciary duties when it comes to upper management pay...stock options and other perks.

If there was an objective way to measure the equitability of "pay for production"...I think the question of equitable might raise a few eyebrows?

You and I both know that the ebb and flow of who has the upper hand...labor or management, varies, depending on political and economic conditions. Business has had the ears of the law makers and regulators for many an election in this country.(campaign finance laws?) Labor has been out flanked and out maneuvered for a number of decades. Time will tell whether corporate friendly lawmakers and legislators are in the best interest of the country or the work force.

If stockholders really believe that most corporate management is looking out for their interests, I might be tempted to go into the bridge selling business.<G>

The best to you.

Dennis
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