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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (110619)	1/19/2008 9:43:23 AM
From: Freedom Fighter	Respond to of 132070

KT, >And I have never heard you say an encouraging word about unions. BTW, our most productive states all have strong labor unions. Our least productive are scab states. Which is why the blue states have to pay part of the bills for the red states.< In my adult lifetime I have never seen a reason for their existence other than to hasten the demise of the company that employed them and to destroy the shareholders. Now that doesn't mean I can't envision a scenario in which I would support unionized workers or that I wouldn't have supported a few in the past, but it would have to be a very special set of circumstances. As I stated in the past, in most cases unions simply transfer wealth from non union workers to themselves because owners pass the higher costs of labor on to consumers. That means non-union workers get squeezed. A business must earn the required return on invested capital to justify its existence. Before the global economy it was easy to pass on the costs and maintain the ROIC. Now they just close down shop because they can't.