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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: ajtj99 who wrote (95824)3/28/2009 2:44:02 PM
From: marcher  Read Replies (1) of 116555
 
"...If unions get cost of living increases in inflationary times, they should accept the opposite in deflationary times without argument..."

one example of not really:

two years ago the state of california was late (again) with the budget. once it was agreed on, the state employee cola was announced. within one week of the announcement, kaiser health insurance decided to raise costs for a local group of employees. the insurance increase demanded all but 1% of the cola. coincidental, not likely.

so, in deflationary times should kaiser accept the opposite?

why do we forget that union members spend money? why do we forget that part of a union member's salary pays health care costs for underemployed, nonunion residents?

as union member salaries increase, tax revenues increase. a strong case could be made that union member salaries stimulate the economy and reduce crime.

maybe the scandanavian countries have a better form of government and a healthier culture.
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