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On Fri, 1 Oct 2010 14:23:35 -0700, "nom=de=plume"
wrote:
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On Fri, 1 Oct 2010 10:33:49 -0700, "nom=de=plume"
wrote:
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m...
On Fri, 01 Oct 2010 03:59:32 -0400, bpuharic wrote:
On Fri, 01 Oct 2010 02:02:40 -0400, wrote:
You really can't blame the unions for screwed up, exploitive management
practices that caused the unions to be formed in the first place.
The question is what caused them to decline. You can blame it on
management but managers answer to stock holders, not unions.
Management has a judiciary obligation to stockholders to look at the
long-term view, even though stockholders might not appreciate that quarter
to quarter.
That was the complaint that I started hearing in the late 80s and
early 90s. Corporations were losing their long term vision and running
ther whole operation on a 90 day window.
In the late 80s and beyond we rated the economy based on how the stock
market was doing, not how the workers were doing. We still rate the
economy on how the major stock indexes are doing.
Ok. Not sure what that has to do with the Fed, the decline of unions, or
anything else, but ok.
It all has to do with the loss of equity in the US and the fed tries
to prop that up by printing money.
Except that the Fed hasn't been printing money (more than usual). Inflation
is not an issue.
Bob dances around it but that was particularly true during the Clinton
administration. The decline of his middle class went into high gear
during that time. That was when major corporations started shedding
their senior employees in massive downsizing actions, just to pump up
stock prices. That was where his "prosperity" came from.
Please define the "middle class."
That is an ongoing question here but I will use Bob's definition for
this discussion.
People with air conditioned jobs.
?? Bectel maybe? They're considered a small business by the Republicans,
apparently.
Keep in mind that union workers are only about 8% of the work force.
Most of them work for the government.
Actually, it's about 50/50. Of course, it depends on how you define "public"
sector. Does that include police and other essential services? Are you
including the Post Office (which is quasi-government)?