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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: GraceZ who wrote (19064)12/20/2004 10:01:32 PM
From: Raymond Duray  Read Replies (1) of 116555
 
Re: labor unions have introduced an enormous amount of inefficiency into the economy as well as become largely a shake down mechanism for thugs.

As opposed to, say, the private non-union medical "insurance" industry which has upwards of 30% administrative and overhead costs (aka fluff and featherbedding) and an inflation rate of 15% per annum? Or the largely non-union pharmaceutical companies which have the highest profits of any industry sector in the U.S. and also have product prices rising at 300% above the country's rate of inflation?

If I want to see thugs and bullies, I look into the executive suites instead of union halls.
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