I noticed that as well. Prices just keep ticking up on absolute everything.
Yes and so do the profits of all these companies.
modern unions are parasitic entities on our economy. They only really benefit union leaders and political parties they are in bed with. Vicious cycle and it can't continue like this in the era of automation and reducing components and labor moving into EVS and more modular platforms to build multiple vehicles off of. Think about the bigger picture here instead of promoting a singular position?
Yes to an extent.
Some valid points. We also have to consider companies don’t Always make a big profit every year and experience losses leading to contraction, layoffs or even going out of business in bad times. I’m all for profit sharing and employee stock purchase plans too which let me feel compensated for my efforts towards the overall success. Nearly anyone can buy shares on the open market as another way to profit from the fruits of their labor. It’s just the demonization and us vs. them mentality that seems to be the least productive way to get along, IMO.
Unfortunately in the current era, stock value doesn’t equate to real value. Investors are speculative. Look at Tesla stocks which skyrocket even though they make a pretty inferior product and don’t turn a profit on it. Compared to Ford who loses 20% of their stock value by simply coming out and saying people aren’t buying one thing or another. Stock value is not a meritocracy. It’s a speculation game barely better than gambling.
I was addressing 1 of the main arguments some people are making here: that the employees (I don't call them "workers" like they are a monolithic block of drones like Communists, Socialists, Marxists do) are the ones making the product that makes the profits- so extra profits in any given year should rightly be shared equally above and beyond whatever compensation they agreed to when accepting employment. Of course, stocks are a gamble, but if somebody believes they deserve more compensation because they contributed to the company having a good year, they should believe enough to buy stock in the company they are making successful. The flip side of this is they must accept a share of losses when the company does not do well. Can't have it both ways so employees always win regardless of company success or failure
They don’t get it both ways. Employees get laid off if the company doesn’t do well. A company’s health is not also directly in their hands. For instance if company makes a poor acquisition, or makes a blunder in the market, it wasn’t the guy assembling widgets that did that.I was addressing 1 of the main arguments some people are making here: that the employees (I don't call them "workers" like they are a monolithic block of drones like Communists, Socialists, Marxists do) are the ones making the product that makes the profits- so extra profits in any given year should rightly be shared equally above and beyond whatever compensation they agreed to when accepting employment. Of course, stocks are a gamble, but if somebody believes they deserve more compensation because they contributed to the company having a good year, they should believe enough to buy stock in the company they are making successful. The flip side of this is they must accept a share of losses when the company does not do well. Can't have it both ways so employees always win regardless of company success or failure
Union employees don't get laid off. They take advantage of job banks that continue to pay some or all of their wages and continue health care and it is all negotiated into their union contracts. There is also a hefty strike fund for the upcoming work stoppage that does the same thing. I worked under Union contract in both the San Diego Unified School District (Public Employee Union) and at Hughes Aircraft in the Aerospace union. My experience was that negotiated compensation is far out of perspective for the level of skills and experience the jobs require and you need to be @$$ kissing your reps to be treated well and everyone else gets shafted with no representation or protections and they have multiple ways to ensure favoritism and seniority rule the workplace over anything else. Unions were valuable 100+ years ago when they helped stop abusive child labor practices but none of the conditions they were originally created to address exist anymore. IMO are far more harmful than helpful to American Economic success and prosperity today and deserve to be relegated to the dustbin of history.
Not sure why they didn’t go with the 10r80…
