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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Jim McMannis who wrote (110938)4/23/2010 1:37:06 PM
From: Steve Lokness3 Recommendations  Read Replies (2) of 116555
 
Jim;

You think gov/union workers should be exempt from market forces but the non-union private sector should be subject to market forces?

That was the argument Lee was making - I think. I'm not sure what you mean by market forces. If you think organized labor is NOT market forces, then I disagree. If you don't want union workers - then don't hire any in the first place. I'm sympathetic to union workers not so much on the pay issue (since I think the fault there is with a management that caves in) - but rather for other issues that unions protect. The mine explosion that killed 29 people and the refinery explosion that killed 6 are good examples. For teachers unions it might be class size. These issues are what caused the unions to get started in the first place.

Back to public workers - they have to be subject to market forces of some kind or you get nothing but a bunch of lazy incompetent people working in government that could never work in the private sector. Usually that means paying them what they are worth - you pay more for better talent. But here too the power lies with management; if workers suck (union or non-union) fire their ars! Down the road with them - but demonizing all workers lumping them together when most just want to do their job and go home to their family with money left over to pay their medical insurance and their kids college - is wrong.
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