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Politics : View from the Center and Left

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To: TigerPaw who wrote (10781)	2/3/2006 1:43:57 PM
From: TimF	Read Replies (1) of 541763

letting the worker and the company decide That is a fundamentally unequal decision in general The company will almost certainly be more wealthy and powerful than the worker, but the worker is free to work at any company that wants to hire him. The two parties are engaging in mutually beneficial trade not warfare. Its not like Costa Rica can't benefit from trading with the US because it is so much weaker militarily, financially, and politically. especially when there are many laws promoting business associations and many more limiting worker associations. Unions have far more legal protection than businesses in terms of the market for labor. Companies trying to band together the way unions do in order to move the market to their advantage would face legal penalties. But even if we accept that workers are at some fundamental disadvantage I don't see how that is relevant. Your system will not change the market in terms of the overall level of the compensation, it will only change the form of the compensation. If companies are too powerful they will remain too powerful. Also your system doesn't benefit the employee. The employee may prefer cash or other benefits to having company stock. Yes he could sell his stock and get cash but he might not be able to get the benefits, at least not without putting in even more cash. Also under the current system if the employee wants company stock he can buy it with the cash he gets. Why make him take cash rather than allowing him the option which he already has. Giving an employee less options limits him, it doesn't make him more powerful. It is an issue that needs solving if our country is not to degrade toward banana-republic divisions. I disagree with both your diagnosis of the problem, and your proposed cure. I don't think we are moving towards anything remotely like a banana-republic, and even if you where I don't think your program would help for the reasons I mention above. Tim

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