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Default 7 things about the economy

On Jan 25, 2:19*pm, thunder wrote:
On Mon, 25 Jan 2010 07:11:32 -0800, Jack wrote:
No, it's called greed. *It's not market driven when the company has no
choice but to pay.


Gordon Gekko, "Greed...is good."


You're basing your position on a fictional character? Awesome.


Collective bargaining = legalized coercion.


I'm glad you finally see it. *Although, I'm sure that you are in denial
that a corporation is a collective by definition.


Big difference in application, though.

In a non-union environment, the company offers the jobs for a wage,
and the workers have a choice to take it or not. The wage is driven
by , among other factors, market conditions.

In a union environment, the job and it's wages are controlled by the
union through coercion. As we've seen, the market's ability to
sustain the wage seemingly has no influence on the demands of the
unions. The company has no choice, as it can not terminate striking
workers, and will go under if it does not comply with the union's
demands. It is essentially held hostage until bled dry.

Easy concepts to grasp, if you'll just... think.
 
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